div style="text-align: justify;"Citigroup is downgrading span style="font-weight: bold;"ConAgra (NYSE:CAG) /spanto Hold from Buy and removing it from their Top Picks Live list.br /br /span style="font-weight: bold;"What's Happened? —/span On Tuesday (6/9) ConAgra’s Slim Jim manufacturing plant in Garner, NC exploded killing three people. On Saturday (6/13), the local news paper indicated that the ATF has ruled the explosion an accident caused by a natural gas leak. ConAgra has not commented on the situation.br /br /span style="font-weight: bold;"- Extensive Damage Done — /spanThe plant was extensively damaged and will likely be off-line for quite a long time and is the only plant that makes Slim Jim. Citigroup est. revenues of Slim Jim at $200 mm/yr and EPS contribution at $0.06/sh.br /br /span style="font-weight: bold;"- Insurance Coverage is Unknown — /spanConAgra has not yet made any comments regarding its insurance coverage on the plant; nor its coverage with regards to business interruption ...