Conagra Brands' Transformation Continues With Solid End To Strong Fiscal 2017
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ConAgra (CAG) PT Lowered to $33 at UBS; Reiterates Sell
June 30, 2017 8:07 AM EDTUBS lowered its price target on ConAgra (NYSE: CAG) to $33.00 (from $35.00) while maintaining a Sell rating. Conagra shares traded down -2% on Thursday despite a reiteration of its long-term guidance as the Company delivered in line EPS results. Conagra's FY18 EPS guidance range of... More
UPDATE: ConAgra Brands (CAG) Reports In-Line Q4 EPS, Offers 3-Year and FY18 Guidance
June 29, 2017 7:28 AM EDT(Updated - June 29, 2017 7:30 AM EDT)
ConAgra Brands (NYSE: CAG) reported Q4 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.86 billion.
Long-Term Algorithm and Fiscal 2018 Outlook
The Company is reiterating its three-year fiscal 2020 financial algorithm, which uses fiscal 2017 as the base year, as summarized below:
Organic net... More