Bernstein Reiterates Market Perform Rating on ConAgra (CAG)

Bernstein SocGen Group analyst Alexia Howard reiterated a Market Perform rating and $21.00 price target on ConAgra (NYSE: CAG).

The analyst commented: "Quarter stronger than expected, guidance reiterated but 2Q:26 will remain under pressure; Conagra’s 1Q:26 results came in a bit better than expected, management reiterated full year guidance but cautioned on the second quarter outlook: next quarter, volumes are expected to be down similarly to the -1.2% seen this quarter, with pricing also down modestly due to a shift in the timing of promotions, for a low-single-digit decline in organic sales. Also, operating margin is expected to come in below 11.0% due to increased tariffs and higher promotional spending. But, by the second half, we start to lap some of the supply chain challenges that pressured frozen sales in 2H:FY25 and so the company expects to return to organic sales growth and better profit trends."

For an analyst ratings summary and ratings history on ConAgra click here. For more ratings news on ConAgra click here.

Shares of ConAgra closed at $19.30 yesterday.

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