Evercore analyst David Palmer maintains $Conagra Brands (CAG.US)$ with a hold rating, and maintains the target price at $31.
According to TipRanks data, the analyst has a success rate of 65.2% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Conagra Brands (CAG.US)$'s main analysts recently are as follows:
Following Conagra Brands' fiscal Q1 earnings report, which revealed earnings of 53c falling short of expectations due to subdued underlying sales, profits were additionally impacted by temporary manufacturing issues at Hebrew National. Even without these disruptions, both sales and margins for the quarter did not meet projections. This raises doubts about the feasibility of the company's previously stated 'achievable guidance', prompting a revision of future earnings forecasts.
The recent decline in Conagra Brands' shares post-results may be deemed an overreaction, considering that the primary reason for the Q1 EPS shortfall is attributed to the underestimation of the company's anticipated profit recovery trajectory for FY25.
Note:
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