RBC Capital lowered the firm’s price target on Conagra Brands (CAG) to $22 from $25 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. The company delivered a particularly challenging quarter with a soft FY26 guide driven by inflationary pressures and tariffs, the analyst tells investors in a research note. Conagra is also choosing to heavily invest during a difficult time to support their brands, supply chain flexibility, and volume recovery, which are essential for shares to gain traction, RBC added.
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Read More on CAG:
- Conagra Brands price target lowered to $21 from $26 at Stifel
- Conagra Brands price target lowered to $20 from $22 at Morgan Stanley
- 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