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Stock Market & Financial Investment News

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June 13, 2014
07:41 EDTPFPinnacle Foods upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Pinnacle Foods (PF) based on the expected termination of the Hillshire (HSH) merger agreement. The analyst said Hillshire will pay a $163M termination fee to Pinnacle that will provide options for the company to create shareholder value through another take-on acquisition, look for another transitional acquisition or even explore a potential sale. Price target is $36.
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