Conagra Brands price target raised to $32 from $30 at Citi

Citi analyst Thomas Palmer raised the firm’s price target on Conagra Brands to $32 from $30 and keeps a Neutral rating on the shares. The company reported a sales and earnings beat, almost entirely due to stronger price/mix in the grocery and snacks segment, the analyst tells investors in a research note. The firm believes Conagra’s guidance leaves room for upside in Q4, especially if volumes inflect from lapping SNAP benefit reductions and the Americold cyberattack.