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PF

Pinnacle Foods

$55.63

-0.175 (-0.31%)

07:09
02/27/18
02/27
07:09
02/27/18
07:09

Pinnacle Foods pullback brings buying opportunity, says Deutsche Bank

Deutsche Bank analyst Rob Dickerson believes the 10% pullback in shares of Pinnacle Foods over the past month provides a buying opportunity. The stock's risk/reward is "more attractive once again," as the takeout premium has been reduced, all while Pinnacle's standalone growth continues to outperform peers, Dickerson tells investors in a research note ahead of the company's Q4 results on Thursday. Further, activist involvement could likely increase the probability of a strategic event, the analyst contends. He's looking for organic sales to grow 4.3% year-over-year in Q4 amid benefits from higher shipments in Frozen, along with continued momentum in the Grocery and Boulder segments. Dickerson has a Buy rating on Pinnacle Foods with a $68 price target.

  • 01

    Mar

  • 07

    Mar

PF Pinnacle Foods
$55.63

-0.175 (-0.31%)

12/14/17
BERN
12/14/17
UPGRADE
Target $38
BERN
Market Perform
Conagra Brands upgraded to Market Perform from Underperform at Bernstein
Bernstein analyst Alexia Howard upgraded Conagra Brands (CAG) to Market Perform from Underperform based on frozen innovation and possibility of deal making. The analyst notes that investors have speculated about a major deal by Conagra, with Pinnacle Foods (PF) considered the most likely target, and while a deal of any magnitude has not come yet, he believes such it is more likely next year especially after uncertainties related to the tax reform are resolved. Howard also raised his price target on Conagra Brands shares to $38 from $32.
01/10/18
FBCO
01/10/18
NO CHANGE
Target $67
FBCO
Outperform
Pinnacle Foods price target raised to $67 from $60 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Pinnacle Foods to $67 from $60 to incorporate tax reform legislation impact. The analyst reiterates an Outperform rating on the shares.
01/29/18
JEFF
01/29/18
NO CHANGE
Target $44
JEFF
Buy
Jefferies sees Third Point pushing for Pinnacle sale, views Conagra as buyer
Dan Loeb's Third Point has acquired a stake in Pinnacle Foods (PF), according to a Reuters report late Friday, and Jefferies analyst Akshay Jagdale sees the activist pushing for a sale. Pinnacle is one of the best managed companies in the space, which means Third Point is unlikely to push for a management shake-up, Jagdale tells investors in a research note. He sees the activist pushing for a sale "given how ripe the Frozen category is for consolidation" and the fact that Pinnacle's size "limits its ability to be the acquirer of choice in the category." Conagra Brands (CAG) is one of the natural buyers and the deal would be "significantly" accretive, Jagdale contends. He assumes an $80 per share takeout price for Pinnacle. The stock closed Friday up $2.40 to $61.65. The analyst also believes Conagra's recent positive inflection in sales growth is sustainable. He raised his price target for Conagra shares to $44 from $40 and keeps a Buy rating on the name.
01/29/18
SPHN
01/29/18
NO CHANGE
Target $65
SPHN
Overweight
Conagra,Tyson could be Pinnacle buyers if Third Point pushes sale, says Stephens
Stephens analyst Farha Aslam noted that reports indicated that Dan Loeb's Third Point has taken a position in Pinnacle Foods (PF) and she believes an activist campaign would likely focus on a sale rather than management or operational changes. The analyst, who estimates Pinnacle could be valued at $67-$70 in an acquisition, views Conagra Brands (CAG) and Tyson Foods (TSN) as potential acquirers, noting that Pinnacle has been considered an acquisition target since Hillshire was bought by Tyson in 2014. Aslam keeps an Overweight rating and $65 price target on Pinnacle shares.

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ALV

Autoliv

$106.86

1.57 (1.49%)

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VC

Visteon

$131.71

3.58 (2.79%)

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ABT

Abbott

$62.84

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Abbott

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Morgan Stanley

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U.S. Bancorp

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Textron

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ADTN

Adtran

$16.05

0.1 (0.63%)

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  • 18

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FSBW

FS Bancorp

$61.64

-1.86 (-2.93%)

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Anchor Bancorp

$28.50

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FS Bancorp

$61.64

-1.86 (-2.93%)

ANCB

Anchor Bancorp

$28.50

0.3 (1.06%)

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CGC

Canopy Growth

$26.41

-1.19 (-4.31%)

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BA

Boeing

$356.95

0.94 (0.26%)

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  • 25

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MRTN

Marten Transport

$22.10

(0.00%)

, UAL

United Continental

$72.66

0.38 (0.53%)

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United Continental

$72.66

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CSX

CSX

$64.42

0.46 (0.72%)

MLNX

Mellanox

$84.85

0.9 (1.07%)

IBKR

Interactive Brokers

$64.65

1.93 (3.08%)

HCSG

Healthcare Services

$42.38

-0.3297 (-0.77%)

TXN

Texas Instruments

$115.80

1.21 (1.06%)

SAH

Sonic Automotive

$20.45

0.3 (1.49%)

CARA

Cara Therapeutics

$21.60

0.435 (2.06%)

CASI

Casi Pharmaceuticals

$7.26

-0.215 (-2.88%)

TLYS

Tilly's

$15.35

0.21 (1.39%)

CLX

Clorox

$135.00

0.71 (0.53%)

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BHP

BHP Billiton

$48.73

0.24 (0.49%)

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BHP

BHP Billiton

$48.73

0.24 (0.49%)

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CLX

Clorox

$135.00

0.71 (0.53%)

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  • 02

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NCS

NCI Building

$20.70

0.15 (0.73%)

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AMX

America Movil, also tag AMOV

$17.39

-0.35 (-1.97%)

, AMOV

America Movil, also tag AMX

$17.45

-0.19 (-1.08%)

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Earnings
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AMX

America Movil, also tag AMOV

$17.39

-0.35 (-1.97%)

AMOV

America Movil, also tag AMX

$17.45

-0.19 (-1.08%)

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AMZN

Amazon.com

$1,844.00

21.98 (1.21%)

18:08
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18:08
Recommendations
Amazon.com analyst commentary at Piper Jaffray »

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BRK.A

Berkshire Hathaway

$288,482.00

-1118 (-0.39%)

, BRK.B

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$190.47

-1.52 (-0.79%)

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BRK.A

Berkshire Hathaway

$288,482.00

-1118 (-0.39%)

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Berkshire Hathaway

$190.47

-1.52 (-0.79%)

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PNFP

Pinnacle Financial

$60.10

-0.5 (-0.83%)

18:02
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Earnings
Pinnacle Financial reports Q2 EPS $1.15, consensus $1.14 »

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  • 18

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CHDN

Churchill Downs

$304.60

1.1 (0.36%)

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  • 02

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CE

Celanese

$110.22

1.6 (1.47%)

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  • 20

    Jul

BLK

BlackRock

$504.89

1.14 (0.23%)

17:51
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DRNA

Dicerna

$12.47

0.57 (4.79%)

17:45
07/17/18
07/17
17:45
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17:45
Conference/Events
Dicerna management to meet with SunTrust »

Group dinner to be held…

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  • 17

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