Citigroup Initiates Coverage On Conagra Brands with Neutral Rating, Announces Price Target of $30
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer initiates coverage on Conagra Brands (NYSE:CAG) with a Neutral rating and a price target of $30.
February 01, 2024 | 11:36 am
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Citigroup has initiated coverage on Conagra Brands with a Neutral rating and set a price target of $30.
The initiation of coverage by a major financial institution like Citigroup generally brings additional attention to a stock. A Neutral rating suggests that Citigroup analysts believe Conagra Brands is fairly valued at its current price, implying limited upside or downside potential in the short term. The price target of $30 provides a benchmark for investors but does not suggest significant movement expected in the near future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100