Pinnacle Foods boosted by upgrade

|About: Pinnacle Foods (PF)|By:, SA News Editor

Pinnacle Foods (PF +2%) has its tail in the air in an otherwise down market after an upgrade to Outperform at RBC Capital. Analyst David Palmer: "1) The company is poised to return to its core M&A strategy; 2) Overall company sales trends appear stronger than large cap, conventional peers; and 3) Opportunity for Wish-Bone improvements exist in 2H14."