NEW YORK (Reuters) - Consumer staples stocks were edging higher heading into the latter stages of trading, as ConAgra shares climbed in the wake of its quarterly earnings.
The S&P consumer staples <.SPLRCS> index was up 0.2 percent, buoyed by a 4.6 percent jump in ConAgra
Since hitting a three-month high on September 8, ConAgra shares had come under modest pressure, falling 2 percent through Wednesday. The stock may have room to advance, however, with Thomson Reuters StarMine holding an intrinsic value of $37.14 on the stock, roughly 11 percent higher than its current value.
(Editing by Bernadette Baum and Nick Zieminski)
