Morgan Stanley raised the firm’s price target on Conagra Brands (CAG) to $19 from $18 and keeps an Equal Weight rating on the shares. The firm is lowering estimates for General Mills (GIS), modestly raising estimates for Conagra, and reiterating an Overweight rating on Mondelez (MDLZ) with estimates unchanged after having attended presentations and breakout sessions with management teams from the three companies at the 2026 CAGNY conference.
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Read More on CAG:
- General Mills price target lowered to $48 from $53 at Bernstein
- Mondelez price target lowered to $73 from $75 at Bernstein
- Conagra Reaffirms 2026 Outlook, Highlights Strong Cash Generation
- Conagra Brands price target raised to $20 from $18 at Wells Fargo
- Conagra Brands price target raised to $20 from $18 at UBS