Information Provided By:
Fly News Breaks for June 29, 2018
CAG, PF
Jun 29, 2018 | 07:18 EDT
RBC Capital analyst David Palmer downgraded Pinnacle Foods (PF) to Sector Perform from Outperform but raised his price target to $68 from $64 after its announced acquisition by Conagra Brands (CAG). Palmer notes that while the gross margin upside associated with this combination is greater than the initial synergy target, it will take some time to play out because it will come from changes in cost of goods sold.
News For PF;CAG From the Last 2 Days
There are no results for your query PF;CAG