Analyst Actions: ConAgra Foods Target Raised $3 at Credit Suisse; Shares Edge Higher

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Credit Suisse has raised its target price on ConAgra Foods, Inc. ( CAG ) to $32 from $29 a share.

The firm said that while it is "intrigued" by the cost savings and earnings accretion enabled by the company's acquisition of Ralcorp, it recommends waiting for a better entry price before buying the stock.

"The operating challenge of running a branded business alongside a very large private label business side-by-side sounds like a tough one," said Credit Suisse. "Eventually, the two businesses are bound to give conflicting messages to their retail customers about how to merchandise their shelves."

CAG is up 0.14% to $29.67 amid a 52-week range of $23.64 - $29.81.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CAG

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