UBS analyst Bryan Adams lowered the firm’s price target on Conagra Brands (CAG) to $21 from $22 and keeps a Neutral rating on the shares ahead of the Q4 earnings report on July 10. The bar for the Q4 print and fiscal 2026 guidance “is quite low,” particularly in the wake of the print from General Mills (GIS), the analyst tells investors in a research note. UBS believes there are real concerns that Conagra cannot drive organic growth as currently constructed, and most have a hard time finding a catalyst to change that debate in the near-term.
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