Conagra Brands (CAG) Gets a Hold from J.P. Morgan
J.P. Morgan analyst Thomas Palmer maintained a Hold rating on Conagra Brands yesterday and set a price target of $17.00. The company’s shares closed yesterday at $15.32.
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According to TipRanks, Palmer is an analyst with an average return of -1.0% and a 43.06% success rate. Palmer covers the Consumer Defensive sector, focusing on stocks such as Bunge Global, McCormick & Company, and Archer Daniels Midland.
In addition to J.P. Morgan, Conagra Brands also received a Hold from UBS’s Peter Grom in a report issued today. However, on March 13, Bank of America Securities maintained a Sell rating on Conagra Brands (NYSE: CAG).
Based on Conagra Brands’ latest earnings release for the quarter ending November 23, the company reported a quarterly revenue of $2.98 billion and a GAAP net loss of $663.6 million. In comparison, last year the company earned a revenue of $3.2 billion and had a net profit of $284.5 million
Read More on CAG:
Disclaimer & DisclosureReport an Issue
- Balanced Risk-Reward and Long-Term Uncertainty Keep Conagra at Hold Despite Near-Term Strength
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- Conagra Brands price target lowered to $17 from $19 at JPMorgan
