TD Cowen analyst lowers ConAgra price target due to economic and operational concerns

From Yahoo Finance: 2025-06-29 03:02:00

ConAgra Brands, Inc. is listed as one of the top 10 consumer defensive stocks to buy now. TD Cowen analyst Robert Moskow has reduced the price target for ConAgra from $22 to $20.50, while maintaining a Hold rating due to concerns about economic and operational challenges ahead.

Moskow pointed to rising tariff costs and reductions to SNAP as factors that may impact Conagra’s margins and demand among low-income consumers. He also mentioned structural challenges related to pricing power and supply chain disruptions that could continue to affect costs and execution, creating a challenging revenue environment for the company.

The outlook for ConAgra suggests limited upside potential without significant progress on addressing these challenges. Cowen’s Hold rating reflects a cautious stance, acknowledging the company’s brand and footprint, but expecting performance to be capped by near-term obstacles until a clear path to stabilization emerges.

While there is potential for growth in ConAgra, some AI stocks are seen as having greater promise for higher returns with limited downside risk. Investors looking for AI stocks with significant upside potential may want to explore options beyond CAG.

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Read more at Yahoo Finance: TD Cowen Trims ConAgra (CAG) Price Target, Maintains Hold Rating