Conagra Brands (CAG) Faces Cost Pressures and Weak Demand, Says Deutsche Bank

On June 18, Deutsche Bank lowered its terms proposal connected Conagra Brands, Inc. (NYSE:CAG) to $12 from $14. It reiterated a Hold standing connected the shares. Analyst Steve Powers reduced his fiscal 2027 estimates up of Conagra's upcoming net report, pointing to continued outgo pressures and "lackluster" depletion trends successful scanned retail channels. In a probe note, Powers said Conagra could usage its caller CEO modulation arsenic an accidental to reset expectations. He believes the institution whitethorn rebase earnings, code concerns surrounding superior allocation by lowering its dividend payout, and summation investments aimed astatine driving income growth.

Earlier, connected June 5, Morgan Stanley besides lowered its terms goals connected Conagra Brands to $13 from $15. It maintained an Equal Weight standing connected the stock. Analyst Megan Alexander Clapp said capitalist attraction is progressively focused connected fiscal 2027 outlooks arsenic respective packaged nutrient companies hole to study off-cycle net successful the coming weeks. She noted that she was cutting estimates "again," mostly owed to rising outgo ostentation that continues to measurement connected the sector.

Conagra Brands, Inc. (NYSE:CAG) is simply a branded nutrient institution with operations crossed respective concern segments, including Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.

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