RBC Capital Maintains Sector Perform on Conagra Brands, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained a 'Sector Perform' rating on Conagra Brands (NYSE:CAG) but lowered the price target from $36 to $32.
October 06, 2023 | 1:47 pm
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NEGATIVE IMPACT
Conagra Brands' price target has been lowered from $36 to $32 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100