UBS lowered the firm’s price target on Conagra Brands (CAG) to $19 from $20 and keeps a Neutral rating on the shares ahead of the October 1 Q1 earnings report. The bar for Q1 fundamentals is “quite low,” with consensus expectations already calling for a 35% year over year EPS decline amid inflation and tariff headwinds, with organic sales still declining low single digits, the analyst tells investors in a research note. UBS finds it unlikely that Q1 will change the narrative meaningfully.
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