ConAgra Foods Provides Statement on JANA Partners Investment

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Go back to ConAgra Foods Provides Statement on JANA Partners Investment

JPMorgan Upgrades ConAgra (CAG) to Overweight

June 22, 2015 7:44 AM EDT

JPMorgan upgraded ConAgra (NYSE: CAG) from Neutral to Overweight with a price target of $52.00 (from $39.00).

For an analyst ratings summary and ratings history on ConAgra click here. For more ratings news on ConAgra click here.

Shares of ConAgra closed at $43.37 yesterday.

... More

ConAgra's (CAG) Peers Advance After JANA Reveals Stake

June 19, 2015 2:10 PM EDT

ConAgra Foods (NYSE: CAG) peers were strong Friday, a day after activist JANA disclosed a 7.2% stake in ConAgra.

In a research note, Barclay's analyst Andrew Laxar said JANA's stake is positive for ConAgra and likely has positive implications for beneficiaries of potential alternative... More

ConAgra (CAG) Board May be Reluctant to Break-Up, Says Deutsche Bank

June 19, 2015 7:42 AM EDT

Deutsche Bank maintained a Hold rating on ConAgra (NYSE: CAG) and raised its price target to $38.00 (from $36.00). The change follows news activist JANA acquired a 7.2% stake in the company. JANA said it may nominate board members to help the company "evaluate and address opportunities for shareholder value creation."

Commenting on developments, analyst Eric Katzman said, "With Jana... More

ConAgra Foods (CAG) Makes Statement on JANA's Stake, Says it Welcomes Shareholder Engagement

June 18, 2015 5:01 PM EDT

ConAgra Foods, Inc. (NYSE: CAG) issued the following statement today in regard to JANA Partners LLCs investment in the company, which it learned of on June 17:

ConAgra Foods Board of Directors and management team are committed to acting in the best interests of all... More