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Fly News Breaks for September 6, 2019
CAG
Sep 6, 2019 | 06:20 EDT
Goldman Sachs analyst Jason English downgraded Conagra Brands to Neutral from Buy and lowered his price target for the shares to $31 from $33. Consensus estimates for sales and earnings may be too high in the near term, English tells investors in a research note. The analyst has a "less optimistic" view of the stock following an analysis of Conagra's aggregate portfolio. He believes issues in the grocery and refrigerated food businesses are likely to prove more persistent than consensus estimates or management's guidance suggests.
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