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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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