Goldman Sachs On ConAgra Repurchase Authorization: Positive, Not Surprising

Goldman Sachs provided color on ConAgra's (NYSE: CAG) approval of a $750 million increase to the company's share repurchase authorization in a research report published today. Goldman Sachs has a Neutral rating on ConAgra.

In the report, Goldman Sachs states, "News that management is now authorized to return more cash to shareholders is welcome, but not entirely surprising."

Shares of ConAgra Foods were trading at $25.38 at the time of posting, up 0.12% from Tuesday's market close.