BofA Trims Conagra Brands, Inc. (CAG)’s Price Target To $13, Keeps Underperform Rating

The steadfast made the accommodation aft it revised quarter-end income estimates for definite packaged nutrient companies.

This follows Wells Fargo’s update connected May 18, erstwhile it maintained its Underweight standing connected Conagra Brands, Inc. (NYSE:CAG) and chopped the terms people connected the banal to $13 from $14.

As of the adjacent of concern connected May 29, Wall Street has a Hold standing connected the stock, based connected 16 analysts’ recommendations, with an mean stock terms upside imaginable of 16%.

On April 1, Conagra Brands, Inc. (NYSE:CAG) reported fiscal results for the 3rd 4th of fiscal 2026. Revenue declined 1.9% year-over-year to $2.79 billion, but bushed analysts’ estimates of $2.76 billion. Adjusted EPS came successful astatine $0.39, down 23.5% from the anterior twelvemonth and missing expectations by 1 cent.

During the net call, absorption said it was trimming fiscal 2026 nett guidance to the little extremity of the antecedently estimated range, citing heightened volatility successful definite commodity markets owed to the warfare successful Iran.

Conagra Brands, Inc. (NYSE:CAG) is simply a North American branded nutrient institution doing concern for implicit a century. Its brands see Birds Eye, Healthy Choice, Marie Callender’s, Duncan Hines, and others.

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