Conagra Brands price target lowered to $15 from $17 at Morgan Stanley

Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Conagra Brands (CAG) to $15 from $17 and keeps an Equal Weight rating on the shares. The firm is adjusting estimates across its packaged foods coverage to reflect recent trends, including a more challenging forward commodity outlook following the recent move higher in oil, the analyst tells investors.