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CAG

Conagra Brands

$32.68 /

+0.1 (+0.31%)

14:32
02/17/20
02/17
14:32
02/17/20
14:32

Conagra long-term thesis intact despite reduced outlook, says Stifel

Conagra this morning "disappointingly" reduced its fiscal 2020 guidance due to a weaker Q3 performance, Stifel analyst Christopher Growe tells investors in a research note. The company lowered its organic sales guidance by 1% and its earnings guidance by roughly 10c, which seems to incorporate some softness continuing into Q4 as well, says the analyst. He expects the stock price will likely be weak on Tuesday but keeps a Buy rating on the shares with a $36 price target. Growe believes Conagra's long-term thesis remains intact.

  • 17

    Feb

CAG Conagra Brands
$32.68 /

+0.1 (+0.31%)

01/23/20
Fly Intel: Top analyst initiations
01/22/20 Jefferies
Conagra Brands initiated with a Hold at Jefferies
01/22/20 Jefferies
Conagra Brands initiated with a Hold at Jefferies
12/20/19 Evercore ISI
Conagra Brands price target raised to $39 from $35 at Evercore ISI

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