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Earnings Pressure Could Force Packaged Food M&A in 2017; Mondelez (MDLZ) and Pinnacle Foods (PF) Seen as Targets - RBC
December 22, 2016 10:58 AM ESTIn his 2017 packaged food sector outlook, RBC Capital analyst David Palmer said increasing earnings pressure and the potential for rising rates may pressure companies to pursue accretive M&A and additional cost savings programs.
He said lean-cost companies such as Conagra (NYSE: CAG), Pinnacle Foods (NYSE:... More
