Morgan Stanley Downgrades Conagra Brands to Equal-Weight, Lowers Price Target to $37
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Pamela Kaufman has downgraded Conagra Brands (NYSE:CAG) from Overweight to Equal-Weight and lowered the price target from $46 to $37.
July 17, 2023 | 10:00 am
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NEGATIVE IMPACT
Conagra Brands has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a reduced price target of $37.
The downgrade from Morgan Stanley is likely to negatively impact Conagra Brands' stock in the short term. The reduced price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100