Conagra Brands price target lowered to $28 from $30 at Wells Fargo

Wells Fargo lowered the firm’s price target on Conagra Brands (CAG) to $28 from $30 and keeps an Equal Weight rating on the shares. Conagra’s revenue is improving, which is good, but food companies appear compelled to improve value just as inflation is kicking higher, which is not the best recipe for profit, the analyst tells investors in a research note.