Conagra Brands price target lowered to $27 from $32 at Barclays

Barclays lowered the firm’s price target on Conagra Brands (CAG) to $27 from $32 and keeps an Overweight rating on the shares after the company reduced its organic sales and EPS guidance for FY25 due to supply chain related challenges. While another guide down is “disappointing,” the analyst argues that “it is important to note that at least demand, which has been the cause of much consternation across the industry, appears to be relatively intact.”