David Driscoll

Campbell Soup Company (NYSE: CPB) shares are up 7.94 percent year-to-date, and touched their 52-week high of $50.70 on August 14. Citi’s David Driscoll upgraded the rating on the company from Sell to Neutral, while raising the price target from $45 to $50. Although further downside...

Citi issued a report on Kraft Foods Group Inc (NASDAQ: KRFT) on Monday offering a perspective on the valuations between Kraft and Heinz after news of their merger. Citi rates Kraft as a Sell and raised its price target from $58 to $80. Analysts David Driscoll wrote, "We worked the math on how Kraft...

H.J. Heinz and Kraft Foods Group Inc (NASDAQ: KRFT) announced on Wednesday that they will merge in a deal that will create the fifth largest food and beverage firm in the world and the third largest in North America. "This is my kind of transaction, uniting two world-class organizations...

Citigroup's David Driscoll on Monday downgraded six food manufacturing companies as Nielsen data suggests a continuation of substantial U.S. food volume declines in 2015. “Critically, we see no broad-based evidence in our most recent food, retail scanner data that suggest any optimism...

Archer Daniels Midland Company (NYSE: ADM) will indirectly gain from a 30 percent increase in oil prices expected in 2015, an analyst said Tuesday. Cheap oil has depressed the commodities processor's ethanol and biodiesel fuels business, according to Citigroup's David Driscoll. But...

Hershey Co (NYSE: HSY) is poised for a comeback after higher costs for ingredients and slowing sales hammered the stock earlier this year, an analyst said Tuesday. As Halloween candy starts to pile up at the nation's supermarkets, Citi's David Driscoll said the rate of sales growth at...

In a report published Tuesday, Citigroup analyst David Driscoll reiterated a Buy rating on The J.M. Smucker Company (NYSE: SJM), but lowered the price target from $119.00 to $118.00. In the report, Citigroup noted, “Smucker disappointed in F3Q14 and in its outlook missing 3Q by -2c and reducing...

In a report published Monday, Citigroup analyst David Driscoll resumed coverage on Archer-Daniels-Midland Company (NYSE: ADM) with a Neutral rating and $45.00 price target, up from $35.00. In the report, Citigroup noted, “On Thanksgiving day (11/28/13), the Australian government sure didn't give...

In a report published Wednesday, Citigroup analyst David Driscoll reiterated a Neutral rating on Campbell Soup Company (NYSE: CPB), but lowered the price target from $47.00 to $43.00. In the report, Citigroup noted, “Campbell got off to a very rough start to its fiscal 2014. Soup declined -6% on...

In a report published Monday, Citigroup analyst David Driscoll upgraded the rating on Mead Johnson Nutrition Company (NYSE: MJN) from Neutral to Buy, and raised the price target from $77.00 to $95.00. In the report, Citigroup noted, .“We are upgrading shares of Mead Johnson to a Buy rating from a...

In a report published Friday, Citigroup analyst David Driscoll reiterated a Neutral rating on McCormick & Company (NYSE: MKC), but lowered the price target from $76.00 to $74.00. In the report, Citigroup noted, “McCormick faced continued headwinds in F3Q, attributable to a weak environment in...

In a report published Thursday, Citigroup analyst David Driscoll reiterated a Neutral rating on Ingredion (NYSE: INGR), and raised the price target from $67.00 to $72.00. In the report, Citigroup noted, “With 2Q13 EPS of $1.20 at INGR coming in line with mgmt's recent negative earnings...

In a report published Tuesday, Citigroup analyst David Driscoll reiterated a Neutral rating on Ingredion (NYSE: INGR), but lowered the price target from $73.00 to $67.00. In the report, Citigroup noted, “Ingredion's 2013 EPS guidance reduction of $(0.55) to a new range of $5.10-$5.40, was a...