UPDATE: Tigress Financial Partners Initiates Coverage On Pinnacle Foods Inc

Tigress Financial Partners initiated a Buy rating on Pinnacle Foods, Inc PF Thursday.

According to analyst Philip Van Deusen, "PF’s business model of acquiring and reinvigorating iconic food brands through margin accretive product innovation and marketing is driving Economic Profit growth. Through its R&D efforts, PF is driving growth in its Leadership Brands like Wish-Bone and Birds Eyes by leveraging cash flow from its Foundation Brands like Lender’s and Aunt Jemima."

Van Deusen believed that Pinnacle Foods will increase its Net Operating Profit After Tax at a rate greater than revenue growth and increase dividends.

Over the longer run Van Deusen felt that "PF’s leveraging [of] cash flow from its Foundation Brands to invest in the innovation of its Leadership Brands will drive increasing shareholder value."

Pinnacle Foods Inc traded recently at $32.16, down 1.02 percent.