Stifel analyst Christopher Growe lowered the firm’s price target on Conagra Brands to $40 from $44 and keeps a Hold rating on the shares after adjusting its sales estimates slightly to account for the Armour recall in the third quarter and the expected 50 basis points impact to sales growth. The firm also notes that the company reiterated its FY23 guidance while "highlighting its optimistic outlook for sustained growth" at the CAGNY conference.
Published first on TheFly
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