Conagra Brands price target raised to $32 from $29 at Stifel

Stifel analyst Matthew Smith raised the firm’s price target on Conagra Brands to $32 from $29 and keeps a Hold rating on the shares. Conagra’s third quarter earnings featured a better than expected profit performance and sequential organic sales progress, the analyst tells investors in a research note. The company slightly increased its operating profit margin expectation for the year to 15.8%, versus its previous expectation of 15.6% benefiting from productivity savings, the firm notes.