Share on StockTwits

Pinnacle Foods (NYSE: PF) received a number of ratings updates from brokerages and research firms in the last week:

  • Pinnacle Foods was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $37.00 price target on the stock, up previously from $32.00.
  • Pinnacle Foods was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $38.00 price target on the stock, up previously from $31.00.
  • Pinnacle Foods was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $18.00 price target on the stock, down previously from $35.88. They wrote, “Hillshire Brands (HSH-$35.76-Not Rated) has agreed to purchase Pinnacle Foods for $18 in cash and 0.5 shares of HSH per share of Pinnacle ($35.88 based on Monday’s closing prices). With the Pinnacle share price pushing up to within 4% or so of the takeover value, we are moving to a Hold rating from Buy. We do not foresee a competitive bid emerging for Pinnacle and given the stock component of the proposed transaction, we think the risk profile has increased.”
  • Pinnacle Foods was downgraded by analysts at Credit Suisse from an “outperform” rating to a “neutral” rating. They now have a $36.00 price target on the stock, up previously from $33.00.
  • Pinnacle Foods had its price target raised by analysts at RBC Capital from $31.00 to $36.00. They now have a “sector perform” rating on the stock.

Pinnacle Foods Inc (NYSE:PF) opened at 34.28 on Monday. Pinnacle Foods Inc has a 52-week low of $23.37 and a 52-week high of $35.67. The stock has a 50-day moving average of $30.45 and a 200-day moving average of $28.39. The company has a market cap of $4.021 billion and a P/E ratio of 37.42.

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.