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Wells Fargo Keeps Their Hold Rating on Conagra Brands (CAG)

Tipranks - Wed Feb 18, 5:06AM CST

Wells Fargo analyst Christopher Carey maintained a Hold rating on Conagra Brands on February 15 and set a price target of $20.00.

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According to TipRanks, Carey is a 3-star analyst with an average return of 2.1% and a 50.34% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Conagra Brands, and Clorox.

In a report released today, TipRanks – Google also downgraded the stock to a Hold with a $20.00 price target.

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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