Stifel lowered the firm’s price target on Conagra Brands (CAG) to $26 from $28 and keeps a Hold rating on the shares after the company hosted the opening reception to kick off CAGNY on Monday and lowered its FY25 outlook for revenue, profit margin, and EPS due to supply chain issues. The company also highlighted its growing Frozen and Snacking businesses and the macro trends supporting continued growth, notes the analyst.
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