Conagra Brands price target raised to $38 from $35 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Conagra Brands to $38 from $35 and keeps a Sector Perform rating on the shares. The company delivered a strong quarter and boosted guidance across the board, despite heightened expectations, the analyst tells investors in a research note, also noting that its margin performance was encouraging and elasticities remain better than expected.