Barclays Sticks to Their Buy Rating for Conagra Brands (CAG)
In a report released today, Andrew Lazar from Barclays maintained a Buy rating on Conagra Brands, with a price target of $18.00.
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According to TipRanks, Lazar is an analyst with an average return of -0.7% and a 47.45% success rate. Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, UTZ Brands, and The Hershey Company.
In addition to Barclays, Conagra Brands also received a Buy from Exane BNP Paribas’s Max Gumport in a report issued on April 2. However, on the same day, RBC Capital maintained a Hold 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
- Conagra Brands Earnings Call Highlights Margin Rebound
- Conagra’s Quiet Quarter: No Insider Trading Plans Raise Questions on Transparency and Management Confidence
- Conagra Brands price target lowered to $19 from $22 at BNP Paribas
- Conagra Brands price target lowered to $16 from $20 at UBS
- Conagra Brands price target lowered to $18 from $19 at Evercore ISI
