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.
12:02 Bank of America tops earnings forecast, predicts 'significant increase' in net interest income20
19:08 U.S. indicts three Takata executives, fines company $1 billion in faulty air bag scandal16
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines24
13:21 Bank of America profits surge on cost cuts, trading gains25