RBC Capital analyst Nik Modi reiterated a Sector Perform rating and $14.00 price target on ConAgra (NYSE: CAG).

The analyst commented: "Timing-Driven Beat, H1 Reset on Track, Still Have to Prove It; Q1'27 organic sales came in solid and profitability was well ahead of the reset bar, though the beat was materially driven by nonrecurring items rather than a fundamental improvement in underlying performance. SG&A timing, a tariff refund, protein cost favorability, and robust Ardent Mills performance (below the line) all reverse or moderate into Q2. Frozen pricing is just entering the market and elasticity outcomes remain unknown, making the guidance reiteration the right call in our view. CAG remains in prove-it mode on pricing execution, inflation management, and portfolio reshaping. We modestly adjust estimates and maintain our $14 PT. Sector Perform reiterated."

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Shares of ConAgra closed at $13.44 yesterday.