David Driscoll

Conagra Brands Inc (NYSE: CAG) reported a fourth-quarter earnings miss Thursday, but two bull analysts were unfazed.  The Analyst Bank of America Merrill Lynch's Bryan Spillane reiterated a Buy rating on Conagra with an unchanged $35 price target. Citi's David Driscoll...

General Mills, Inc. (NYSE: GIS) beat Wall Street estimates with its third-quarter report Wednesday, with revenue growth and margin expansion that had sell-side analysts raising target prices for the stock.  The Analysts Credit Suisse analyst Robert Moskow maintanied a Neutral rating on...

General Mills, Inc. (NYSE: GIS) reported Wednesday its fiscal second-quarter earnings print, which impressed investors as management reaffirmed the cereal maker's 2019 outlook. Here is a summary of how three of the Street's top analysts reacted to the print. Bank Of America: Cleared A '...

Grain processors are coming off a difficult 2017 due to an excess supply of soymeal from Argentina flooding the global market. Argentina is now in a drought, and soy production in the country is likely to fall by 8.8 million tonnes year-over-year in 2018 to 49 million tonnes, according to Citi....

General Mills, Inc. (NYSE: GIS) reported this week an earnings miss, which prompted a sell-off in the maker of Cheerios and other food products. But the stock's 6-percent decline in reaction to the earnings report is being seen by some on the Street as an attractive buying opportunity. Citi: Buy...

Hershey Co’s (NYSE: HSY) shares are likely to rebound in 2017 due to an imminent announcement of a cost savings program and the rekindling of top-line growth, “on the back of significant, impactful innovation,” Citi’s David Driscoll said in a report. He upgraded the...

At its Analyst Day, General Mills, Inc. (NYSE: GIS) provided greater detail of its plan to boost operating margins to at least 20 percent over the next could of years. Citi’s David Driscoll commented in a report that this margin target may prove too low. He reiterated a Buy rating on the...

Barclays has attempted to explain why Mondelez International Inc (NASDAQ: MDLZ), which makes Oreo cookies and Cadbury chocolates, made its $107 cash and stock offer for Hershey Co (NYSE: HSY), which eventually rejected the bid. The acquisition would have created the world's largest candy maker at a...

It took one and half years for Citi analyst David Driscoll to upgrade shares of McCormick & Company, Incorporated (NYSE: MKC) to Neutral from Sell. While believing further expansion of the multiple would be difficult, the brokerage boosted its price objective by $17 to up to $102. In the...

Citi dismissed the recent takeover rumors of Hershey Co (NYSE: HSY) by Nestle SA (ADR) (OTC: NSRGY), saying it is "unlikely" due to the unique company specific factors, mainly the control of the Hershey Trust and Pennsylvania law. However, Citi sees see other companies such as Kellogg Company (NYSE...

Citi's David Driscoll issued an interesting note on Kellogg Company (NYSE: K) Thursday morning: "Take-Out Potential & US Cereal Resurgence Present Compelling Risk/Reward Profile at Kellogg; Reiterate as Our Top Pick." The analyst's comments followed recent management...

Citi remains positive on Mead Johnson Nutrition CO (NYSE: MJN) ahead of its first-quarter earnings report, and raised the profit estimate and target price to $100 from $85. Mead Johnson, which is known for its pediatric nutrition brand Enfamil, is expected to release its first quarter 2016 earnings...

With Kellogg Company (NYSE: K) currently trading at a 3 percent discount to large-cap packaged food peers, Citi’s David Driscoll believes that that is “significant room for upside over the next 12 months.” Driscoll reiterated a Buy rating on the company, while raising the price...

General Mills, Inc. (NYSE: GIS) reported better-than-expected Q3 earnings, while revenues came in line. Better performance on the margin front helped the company offset soft revenue growth. The consumer food company reported earnings of $0.65 per share, $0.03 above the Street's consensus....