Barclays analyst Andrew Lazar maintains $Conagra Brands (CAG.US)$ with a buy rating, and maintains the target price at $33.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Conagra Brands (CAG.US)$'s main analysts recently are as follows:
Conagra Brands' fiscal Q1 earnings fell short of anticipated figures, primarily due to subdued underlying sales with additional strains arising from temporary production setbacks at Hebrew National. Even without considering the disruptions, the quarter's sales and margins did not meet initial projections. This performance casts doubt on the company's previously stated 'achievable guidance' for the future. Subsequently, projections for the company's adjusted earnings per share have been revised.
The decline in Conagra Brands' shares following the results may be overstated, considering that the shortfall in Q1 EPS is largely due to underestimation of the anticipated profit recovery in FY25.
Note:
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