Conagra Brands (CAG) Gets a Buy Rating from Evercore ISI


In a report released today, David Palmer from Evercore ISI maintained a Buy rating on Conagra Brands (CAG), with a price target of $39.00. The company’s shares closed last Monday at $30.13.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.9% and a 70.3% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Brinker International, and Hain Celestial.

Currently, the analyst consensus on Conagra Brands is a Moderate Buy with an average price target of $35.64, representing a 16.4% upside. In a report issued on February 11, Stifel Nicolaus also maintained a Buy rating on the stock with a $36.00 price target.

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The company has a one-year high of $35.59 and a one-year low of $22.15. Currently, Conagra Brands has an average volume of 4.59M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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