Conagra Brands price target raised to $32 from $30 at Wells Fargo

Wells Fargo analyst Chris Carey raised the firm’s price target on Conagra Brands to $32 from $30 and keeps an Equal Weight rating on the shares. The firm opined that with at-home food stabilizing and some cracks in away-from-home, Conagra and package food could be getting some life. However, Wells “is not quite there yet on the story,” as volumes and pricing are negative, despite the better five week stretch and data that is likely improving.