Credit Suisse Sees Earnings Call as Non-Event for ConAgra Foods, Inc.

In a report published Friday, Credit Suisse analyst Robert Moskow reiterated a Neutral rating and $34.00 price target on

. In the report, Credit Suisse noted, "Today's earnings call meant very little in the grand scheme of things for ConAgra investors because there wasn't much to say. Incoming CEO Sean Connolly reiterated that he will take several months to study the business before communicating any decisions on the portfolio or whether to focus more on cost savings. In our view, these two areas merit the most attention." ConAgra Foods, Inc. closed on Thursday at $34.75.