Morgan Stanley Maintains Equal-Weight on ConAgra Foods (CAG)

Morgan Stanley is out with its report today on ConAgra Foods (NYSE: CAG), maintaining Equal-weight.

In a note to clients, Morgan Stanley writes, "We are retaining our Equal-weight rating on ConAgra following F3Q11 EPS. We are retaining our $1.77 F2011 EPS estimate, in-line with ConAgra's +LSD EPS growth guidance (our estimate represents ~1.5% YoY EPS growth)."

Morgan Stanley has a $22 PT on CAG.

Shares of CAG closed Thursday at $23.40, up 2.05% from Wednesday's close.