Wells Fargo Maintains Equal-Weight on Conagra Brands, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Equal-Weight rating on Conagra Brands (CAG) and increased the price target from $30 to $32.
April 05, 2024 | 1:27 pm
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Wells Fargo has maintained an Equal-Weight rating on Conagra Brands and raised the price target from $30 to $32.
The increase in price target by Wells Fargo suggests a positive outlook on Conagra Brands' stock, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average, but the raised target price signals analyst confidence in the company's potential to reach higher valuation levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100