Conagra trims profit forecast as higher inflation, promotions to dent margins
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ConAgra (CAG) PT Lowered to $28 at Deutsche Bank
December 20, 2024 5:49 AM ESTDeutsche Bank analyst Steve Powers lowered the price target on ConAgra (NYSE: CAG) to $28.00 (from $29.00) while maintaining a Hold rating.
The analyst comments "As CAG encounters higher full-year cost inflation (~4%, up from ~3%), primarily attributable to sustained inflation in protein and egg costs (and... More
ConAgra (CAG) PT Lowered to $26 at Jefferies
December 19, 2024 4:03 PM ESTJefferies analyst Rob Dickerson lowered the price target on ConAgra (NYSE: CAG) to $26.00 (from $28.00) while maintaining a Hold rating.
The analyst comments "CAG beat Q2 expectations, but spoke to a slight hurricane pantry loading benefit / shifted trade spend that likely helped. Mgmt... More
