Conagra Brands (CAG) has recently faced a downward revision in their price target, from $31 to $29 by Bank of America and JPMorgan Chase & Co. Meanwhile, the company continues with its quarterly dividend payments. Last reported quarter earnings came to light as a disappointment which led to stock underperformance in the market. CAG has scheduled its FY2025 Q2 Earnings Release and Analyst Call amidst uncertain market conditions. The company reported solid volume gains in Q2 amidst inflation. Earnings and revenues beat estimates; however, Q2 earnings were expected to decline. The issue of the stock underperforming compared with Nasdaq resurfaced whilst Q2 key metrics indicated a hopeful sign. Amid inflation, the company adjusted its outlook downwards, which resulted in a slide of Conagra Brand's stock. Wall Street has its eyes fixed on the potential for Q2 of Conagra Brands. Strategic acquisitions and management of growth and inflationary challenges have been identified as part of CAG's Q2 dealings. Forward-looking statements point towards a challenging consumer environment. Conagra's stock has experienced a slide as consumers pull back on spending.
Conagra Brands CAG News Analytics from Wed, 13 Mar 2024 07:00:00 GMT to Fri, 03 Jan 2025 22:21:00 GMT -
Rating -6
- Innovation -3
- Information 7
- Rumor -5
