conagra foods

J.M. Smucker (NYSE: SJM) is scheduled to report fourth-quarter fiscal 2011 results before the markets open on Thursday, June 9. Investors hope that last quarter's profit decrease was a one-off and that the company will begin a new streak of consecutive quarters of year-over-year profit growth....

Deutsche Bank, which raised its PT on shares of ConAgra Foods, Inc. (NYSE: CAG), is providing some color on the stock. “It is unclear whether ConAgra succeeds in its takeover of Ralcorp Holdings Inc. (NYSE: RAH) and at what price, but our view is that risk / reward skews more favorable,” Deutsche...

Deutsche Bank has raised the price target on ConAgra Foods (NYSE: CAG) from $23 to $28 and maintains its Hold rating.

In a report from the Economic Research Service, the United States Department of Agriculture has reported that the U.S. red meat production and exports hit record-highs in March and have been steadily increasing since 2007. The USDA has put together a forecast for livestock imports and exports in...

Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...

Citi is maintaining its Buy rating on ConAgra Foods Inc (NYSE: CAG). “While ConAgra is producing very good innovation and growth in frozen foods (its largest category), the overall portfolio is being stymied by high inflation and sluggish sales trends, which are limiting FY11 EPS growth,” Citi...

According to Deutsche Bank, ConAgra Foods' (NYSE: CAG) stock's valuation is low vs. peers, the balance sheet is solid, dividend yield is high, and recent reduction in LT growth goals is logical. Deutsche Bank reported that it sees the stock likely to trade in the low to mid $20s for a while. “We...

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...

J.P. Morgan is introducing a new ConAgra Foods, Inc. (NYSE: CAG) price target of $26 for year-end 2011, up from $23. “We base our assumption on a 13x multiple – representing a 7% discount to the group – on our estimated $2.01 in 2012 calendar earnings,” J.P. Morgan writes. “We add, however, that...

JP Morgan has raised the price target on ConAgra Foods (NYSE: CAG) from $23 to $28.

According to JP Morgan, ConAgra Foods (NYSE: CAG) reported yesterday "pro forma 1Q11 (August) EPS of $0.34, below consensus of $0.39 and our $0.41 estimate. The miss was driven by a 5% drop in sales, versus consensus expectations of a flat top line. Margins came in 140 bps below our estimate. FY11...