Jefferies Downgrades Conagra Brands to Hold, Lowers Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Rob Dickerson has downgraded Conagra Brands (NYSE:CAG) from Buy to Hold and lowered the price target from $46 to $38.

July 05, 2023 | 9:52 am
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Conagra Brands has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $38.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Conagra Brands. The lowered price target from $46 to $38 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
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