Conagra Brands price target lowered to $30 from $31 at Wells Fargo

Wells Fargo lowered the firm’s price target on Conagra Brands (CAG) to $30 from $31 and keeps an Equal Weight rating on the shares. Q2 profit could miss, the firm says. If Wells’ estimates play out, Conagra second half of the year EPS needs to grow about 10% to hit guide, which seems too much. Along with deal divestiture headlines, risk to EPS here, it adds.