Conagra sales squeezed by private-label shift; sees little impact from ports strike

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Go back to Conagra sales squeezed by private-label shift; sees little impact from ports strike

ConAgra (CAG) PT Lowered to $31 at Citi

October 3, 2024 5:41 AM EDT

Citi analyst Thomas Palmer lowered the price target on ConAgra (NYSE: CAG) to $31.00 (from $33.00) while maintaining a Neutral rating.

The analyst comments "The CAG shares were down 8% today (the most among packaged food stocks by 500+bps) after reporting a sizable 1Q25 sales and... More

Stifel Reiterates Hold Rating on ConAgra (CAG)

October 3, 2024 5:29 AM EDT

Stifel analyst Matthew Smith reiterated a Hold rating and $30.00 price target on ConAgra (NYSE: CAG).

The analyst comments "Conagra reported a weaker-than-expected first quarter with sales, margin performance, and lower equity earnings relative to our estimates. EPS of $0.53 was down 20% and $0.06 below our estimate.... More

Goldman Sachs Reiterates Conviction Buy Rating on ConAgra (CAG)

October 3, 2024 5:21 AM EDT

Goldman Sachs analyst Leah Jordan reiterated a Conviction Buy rating and $36.00 price target on ConAgra (NYSE: CAG).

The analyst comments "CAG traded down -8% (vs S&P 500 flat) after F1Q results and reiterated FY25 guidance. While the quarter came in softer-than-expected, in part due to a temporary manufacturing disruption with its Hebrew... More