ConAgra Foods stock seen rising 30 percent: Barron's

May 29, 2016 7:09 PM

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ConAgra Foods stock seen rising 30 percent: Barron's

NEW YORK ConAgra Foods' stock (CAG.N) could climb up to 30 percent in the coming months as the U.S. packaged food company seeks to shed businesses, improve existing brands and achieve lower overheads, Barron's said in its latest online edition.

After ConAgra sold its Spicetec Flavors & Seasonings for about $340 million to Givaudan last week, Barron's said analysts speculate it might consider sales of other brands including Lamb Weston, its commercial frozen potato business.

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