Conagra Brands price target raised to $44 from $35 at Stifel

Stifel analyst Christopher Growe raised the firm’s price target on Conagra Brands to $44 from $35 after the company reported "another quarter" with a stronger than expected sales. While he is raising his EPS estimate by 22c from his previous estimate and says he holds "a positive bias for the shares in the near term" with pricing now more than offsetting input cost inflation, Growe keeps a Hold rating on Conagra shares.