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Wells Fargo Reaffirms Their Sell Rating on Conagra Brands (CAG)

Tipranks - Tipranks - Fri Apr 10, 2:28AM CDT

Wells Fargo analyst Christopher Carey maintained a Sell rating on Conagra Brands today and set a price target of $14.00.

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Carey covers the Consumer Defensive sector, focusing on stocks such as Conagra Brands, Church & Dwight, and Clorox. According to TipRanks, Carey has an average return of 1.4% and a 47.70% success rate on recommended stocks.

In addition to Wells Fargo, Conagra Brands also received a Sell from Goldman Sachs’s Leah Jordan in a report issued on April 2. However, on April 7, TipRanks – Google reiterated a Hold rating on Conagra Brands (NYSE: CAG).

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Based on Conagra Brands’ latest earnings release for the quarter ending February 22, the company reported a quarterly revenue of $2.79 billion and a net profit of $199.8 million. In comparison, last year the company earned a revenue of $2.84 billion and had a net profit of $145.1 million

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