Conagra Brands price target lowered to $27 from $29 at BofA

BofA lowered the firm’s price target on Conagra Brands (CAG) to $27 from $29 and keeps a Neutral rating on the shares. The firm notes Conagra Brands issued a press release ahead of its Consumer Analyst Group of NY presentation updating its FY25 financial outlook to reflect temporary service constraints on earnings. Long-term targets remain unchanged. The company now expects FY25 organic sales decline of (2%), an adjusted operating margin of about 14.4%, adjusted EPS of $2.35, and net leverage ratio of 3.55-turns.