Conagra Brands price target raised to $21 from $20 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Conagra Brands (CAG) to $21 from $20 and keeps an Equal Weight rating on the shares. The firm, which expects Conagra to report Q1 results broadly in line with expectations and to reiterate FY26 guidance, sees potential risk to Q2 consensus given sticky protein costs and softer quarter-to-date scanner trends, the analyst tells investors in a preview.