Conagra Brands price target lowered to $30 from $32 at Stifel

Stifel analyst Matthew Smith lowered the firm’s price target on Conagra Brands to $30 from $32 and keeps a Hold rating on the shares. Conagra reported a mixed Q4, with slightly weaker organic sales offset by a stronger margin performance, says the analyst, who now estimates FY25 EPS of $2.61, down 7c from its previous estimate, reflecting a lower organic sales estimate and greater degree of reinvestment.