ConAgra price target raised to $39 from $35 at Citigroup Citigroup raised its estimates and price target for ConAgra citing higher accretion expectations from the Ralcorp acquisition. The firm reiterates a Buy rating on the stock.
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ConAgra CEO Gary Rodkin announces intent to retire ConAgra Foods announced that Gary M. Rodkin, CEO, has informed the ConAgra Foods Board of Directors of his intention to retire at the end of the companyís fiscal year, May 2015. The Board of Directors has established a search committee, led by independent director Richard Lenny, to identify Rodkinís successor. Lenny is the former chairman and CEO of The Hershey Co. and has served on the ConAgra Foods board since 2009.