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Conagra Brands price target lowered to $20 from $22 at Wells Fargo

Wells Fargo lowered the firm’s price target on Conagra Brands (CAG) to $20 from $22 and keeps an Equal Weight rating on the shares. The key takeaway for Conagra Brands is that the outlook is plausible but doesn’t leave a ton of cushion for missteps, so the market probably awaits execution ahead before embracing the name, the firm says.

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