Jefferies Reaffirms Their Hold Rating on Conagra Brands (CAG)
In a report released today, Scott Marks CFA from Jefferies reiterated a Hold rating on Conagra Brands, with a price target of $16.00.
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Marks CFA covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, UTZ Brands, and General Mills. According to TipRanks, Marks CFA has an average return of -12.0% and a 27.27% success rate on recommended stocks.
In addition to Jefferies, Conagra Brands also received a Hold from TipRanks – OpenAI’s OpenAI Packaged Foods in a report issued yesterday. However, on March 13, Bank of America Securities maintained a Sell 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
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- CVS upgraded, General Mills downgraded: Wall Street’s top analyst calls
- Conagra Brands downgraded to Underweight from Equal Weight at Wells Fargo
- ConAgra put volume heavy and directionally bearish
- Conagra Brands to expand manufacturing operations in Fayetteville, Arkansas
- Target to drop synthetic colors from cereals, Axios reports
