Stifel Nicolaus Maintains Hold on ConAgra Foods

Stifel Nicolaus is out with its report today on ConAgra Foods (NYSE: CAG), maintaining Hold.

In a note to clients, Stifel Nicolaus writes, "We continue with our Hold rating. We believe the shares' 10% discount to the food group appropriately discounts the weakened fundamental position while incorporating the potential financial gains from a tie-up with Ralcorp."

Shares of CAG closed Thursday at $25.37.