Evercore ISI analyst David Palmer raised the firm’s price target on Conagra Brands to $42 from $40 and keeps an Outperform rating on the shares as he is "nudging" his "already above consensus" EPS forecast to 69c and raising his sales estimate ahead of fiscal Q2 earnings due on January 5. His analysis of IRI scanner data is leading to his higher-than-consensus segment sales estimates, Palmer noted.
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Published first on TheFly
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