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Fly News Breaks for February 24, 2017
PF
Feb 24, 2017 | 09:04 EDT
Credit Suisse analyst Robert Moskow raised his price target for Pinnacle Foods to $62 from $54 after the company delivered a "strong finish to the year." The analyst believes the company may be "the best positioned" out of all of his names for 2017 given strong business execution, a struggling competitor, excellent visibility for gross margin expansion, and the obvious value of its assets in a consolidating food industry. He reiterates an Outperform rating on the shares.
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