Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Conagra Brands (CAG) to $20 from $22 and keeps an Equal Weight rating on the shares. Conagra reported weak results and guided FY26 EPS high-teens below consensus, worse than feared despite bearish sentiment, the analyst tells investors in a research note. The firm views guidance as more realistic than conservative.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAG:
- Conagra Brands price target lowered to $20 from $22 at Wells Fargo
- Conagra Brands price target lowered to $21 from $25 at Bernstein
- Conagra Brands Faces Challenges with Lowered Earnings Guidance Amid Inflation and Tariffs; Hold Rating Maintained
- Conagra Brands price target lowered to $18 from $20 at BofA
- Conagra Brands Reports Mixed Fiscal 2025 Results