Barclays Maintains Their Buy Rating on Conagra Brands Inc (CAG)

Barclays analyst Andrew Lazar maintained a Buy rating on Conagra Brands Inc (CAG) on June 28 and set a price target of $31. The company’s shares opened today at $26.65.

According to, Lazar is a 4-star analyst with an average return of 8.0% and a 67.7% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

Conagra Brands Inc has an analyst consensus of Strong Buy, with a price target consensus of $33.33, implying a 25.1% upside from current levels. In a report issued on June 28, Citigroup also maintained a Buy rating on the stock with a $34 price target.

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Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2019, Ruth Ann Marshall, a Director at CAG sold 6,717 shares for a total of $208,227.

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Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.

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