TD Cowen analyst Robert Moskow lowered the firm’s price target on Conagra Brands (CAG) to $20.50 from $22 and keeps a Hold rating on the shares. The firm views Conagra as poorly positioned to withstand the headwinds posed by tariff costs, SNAP cuts, and economic pressure on the low-income consumer over the next 12 months. In addition, they view lack of pricing power and supply chain disruptions as structural concerns.
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