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ConAgra Foods (CAG) Stock May Gain Following JPMorgan Upgrade

2015-06-22 20:28:50| Food - Topix.net

The firm raised its rating on ConAgra to "overweight" from "neutral" citing an attractive risk/reward profile following the activist stake by JANA Partners. JPMorgan also hiked its price target for shares to $52 from $39, saying it is confident the company will undergo changes.

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