Fitch: ConAgra's Rating Unaffected by Lamb Weston Spin-Off Announcement
Fitch Affirms ConAgra's IDRs at 'BBB-/F3'; Outlook Revised to Stable
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.
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The consumer defensive category offers value and stability in a volatile market.