S&P Equity Research upgraded shares of ConAgra (NYSE: CAG) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.
ConAgra traded up 0.33% on Wednesday, hitting $33.83. ConAgra has a 1-year low of $23.64 and a 1-year high of $34.00. The stock’s 50-day moving average is currently $32.19. The company has a market cap of $13.701 billion and a price-to-earnings ratio of 21.27.
CAG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of ConAgra from $31.00 to $32.00 in a research note to investors on Wednesday. They now have a hold rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of ConAgra from $32.00 to $36.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. Finally, analysts at KeyBanc reiterated a buy rating on shares of ConAgra in a research note to investors on Wednesday. They now have a $38.00 price target on the stock.
Nine investment analysts have rated the stock with a buy rating, and seven have assigned a hold rating to the company. The stock currently has an average rating of overweight and an average price target of $36.58.
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