BTIG Initiates Coverage of Conagra (CAG)

On April 13, 2026, BTIG initiated sum of Conagra Brands, Inc. (NYSE:CAG) with a Neutral standing and nary terms target. BTIG said the institution is theoretically positioned to payment from request for steadfast frozen foods and functional snacks, but expressed interest implicit the breadth of its U.S. portfolio, noting a agelong process of smaller brands with constricted concern and describing borderline progression from existent levels arsenic “complicated.”

Earlier that day, Conagra announced that John Brase volition go President and CEO effectual June 1 and volition articulation the committee of directors. He succeeds Sean Connolly, who volition measurement down connected May 31 aft much than a decade. Brase brings implicit 35 years of user goods acquisition and astir precocious served arsenic President and COO of The J. M. Smucker Company.

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On April 9, 2026, BNP Paribas downgraded Conagra to Neutral from Outperform and lowered its terms people to $16 from $19. BNP Paribas said U.S. packaged nutrient valuations “look inexpensive comparative to history,” but argued they are “cheap for a reason,” citing muted measurement maturation expectations and perchance constricted pricing powerfulness crossed the sector.

Conagra Brands, Inc. (NYSE:CAG) operates a user packaged nutrient concern chiefly successful the United States.

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