Market Overview

Deutsche Bank Reiterates Hold Rating, $31 PT on ConAgra Foods

Share:
Related CAG
Market Remains on Tenterhooks as Parade of Fed Speakers Continues
Cramer: PepsiCo Is A Snack Company, Not A Soda Seller
More on ConAgra Foods' FQ1 (Seeking Alpha)

In a report published Monday, Deutsche Bank reiterated its Hold rating and $31.00 price target on ConAgra Foods (NYSE: CAG).

Deutsche Bank noted, “We raised our target based on the proposed Ralcorp deal and incremental accretion. M&A-driven EPS potential (along with a solid div. yield) has contributed to stock strength. But core fundamentals remain challenging, leverage will soon be high (3.7x net debt/EBITDA) and we question how much value can come from private label. HOLD.”

ConAgra Foods closed on Friday at $30.15.

Latest Ratings for CAG

DateFirmActionFromTo
Sep 2016Deutsche BankMaintainsHold
Jul 2016JefferiesMaintainsBuy
Apr 2016JefferiesMaintainsBuy

View More Analyst Ratings for CAG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CAG)

View Comments and Join the Discussion!