Stifel Nicolaus Remains a Hold on Conagra Brands (CAG)
Stifel Nicolaus analyst Matthew Smith, CFA maintained a Hold rating on Conagra Brands today and set a price target of $17.00.
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According to TipRanks, Smith, CFA is a 2-star analyst with an average return of 0.8% and a 46.71% success rate. Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Mondelez International, and McCormick & Company.
In addition to Stifel Nicolaus, Conagra Brands also received a Hold from TipRanks – xAI’s xAi Packaged Foods in a report issued today. However, on the same day, Goldman Sachs assigned a Sell rating to 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
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- Conagra Brands price target lowered to $17 from $19 at Morgan Stanley
- Conagra Brands price target lowered to $14 from $15 at Wells Fargo
- Conagra Brands price target lowered to $15 from $17 at Goldman Sachs
- Conagra Brands: Limited Margin Recovery and Unhedged Cost Risks Support Hold Rating and $14 Target
- Conagra Brands price target lowered to $15 from $17 at BofA
