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Morgan Stanley Sticks to Their Hold Rating for Conagra Brands (CAG)

Tipranks - Tipranks - Thu Feb 19, 10:28PM CST

Morgan Stanley analyst Megan Alexander maintained a Hold rating on Conagra Brands yesterday and set a price target of $19.00.

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Alexander covers the Consumer Cyclical sector, focusing on stocks such as SharkNinja, Inc., Hasbro, and Mattel. According to TipRanks, Alexander has an average return of 0.0% and a 47.20% success rate on recommended stocks.

In addition to Morgan Stanley, Conagra Brands also received a Hold from Wells Fargo’s Christopher Carey in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on Conagra Brands (NYSE: CAG).

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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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