JP Morgan Maintains Neutral on Conagra Brands, Lowers Price Target to $37
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Ken Goldman maintains a Neutral rating on Conagra Brands (NYSE:CAG) and lowers the price target from $38 to $37.
August 21, 2023 | 2:45 pm
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NEUTRAL IMPACT
JP Morgan has maintained a Neutral rating on Conagra Brands and lowered the price target from $38 to $37.
The news of JP Morgan maintaining a Neutral rating on Conagra Brands and lowering the price target could have a neutral impact on the stock. While the lowered price target might be seen as a negative, the maintenance of the Neutral rating indicates that the analyst still sees potential in the company. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100