Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Conagra Brands (CAG) to $18 from $19 and keeps an Equal Weight rating on the shares. In “an already challenging backdrop” for U.S. food stocks, the firm sees rising competitive risk as value-focused pricing, promotions, and private label momentum reaccelerate into 2026, the analyst tells investors in a note on the group.
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