Analyst Robert Moskow of TD Cowen maintained a Hold rating on Conagra Brands, retaining the price target of $19.00.
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Robert Moskow has given his Hold rating due to a combination of factors affecting Conagra Brands. The company’s projected organic sales growth for the first quarter of fiscal year 2026 is expected to be slightly better than consensus estimates, but still negative at -1.8%. This reflects ongoing challenges in execution and the impact of higher pricing on demand elasticity.
Additionally, while there are some ‘easy’ volume comparisons due to last year’s supply chain disruptions, these are not as straightforward as some bullish perspectives might suggest. The anticipated volume growth is likely to face hurdles in the upcoming quarters due to normalization of previous disruptions, potential tough comparisons to last year’s promotions, and expected government cutbacks on food subsidies. These factors contribute to a cautious outlook, justifying the Hold rating.
In another report released today, J.P. Morgan also maintained a Hold rating on the stock with a $20.00 price target.