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ConAgra Earnings Miss Forecast As Private-Label Foods Slump
date:Jun 20, 2014
he shares on their biggest intraday decline in more than four months.

ConAgra is struggling to digest last years acquisition of Ralcorp Holdings Inc., which sells private-label foods to supermarkets, drugstores and other retailers. The challenge is combining its stable of well-known trademarks with the store brands foods offered by Ralcorp, said Timothy Chen, an analyst at Rhino Trading Partners in New York.

We remain optimistic on the stock in the long term, Chen, who has a buy rating on the

12/23 20:07