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Conagra Brands (NYSE:CAG) Given New $15.00 Price Target at Morgan Stanley
Morgan Stanley has lowered its price target for Conagra Brands (NYSE:CAG) from $17.00 to $15.00, maintaining an “equal weight” rating, suggesting a modest upside of 3.56% from its previous close. This aligns with a generally weak analyst consensus, with an average target of $15.80 and a “Reduce” rating overall. Despite this, two company directors recently purchased additional shares of CAG, which is currently trading near its 12-month low.