Conagra Brands price target raised to $33 from $31 at JPMorgan

JPMorgan raised the firm’s price target on Conagra Brands to $33 from $31 and keeps a Neutral rating on the shares. The analyst sees reasons why the stock may continue its upward trajectory following the earnings report. The firm believes Conagra views its Q4 guidance as somewhat “prudent,” given its current successes with promotional and other investments.