Wells Fargo lowered the firm’s price target on Conagra Brands (CAG) to $23 from $27 and keeps an Equal Weight rating on the shares. The firm expects Conagra to miss current Street estimates in Q4 on both top line and EPS and issue FY26 guidance well below Street. Challenges are understandable, but numbers need to be re-calibrated first before other Conagra’s positives can shine, Wells adds.
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