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Benzinga
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Conagra Brands Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. CAG's Q4 earnings to release July 10, expected at 61 cents per share. 2. Projected revenue of $2.88B, down from $2.91B last year. 3. Analysts downgraded CAG, reducing price targets significantly. 4. Shares rose 2.8% recently, closing at $21.05. 5. CAG to remove certain food colors by end of 2025.

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FAQ

Why Bearish?

Analyst downgrades and lowered price targets reflect negative sentiment. Historically, similar downgrades often lead to price drops.

How important is it?

The combination of earnings outlook and analyst downgrades suggest significant headwinds ahead for CAG.

Why Short Term?

Earnings results and analyst downgrades have immediate effect. Analyst sentiment is likely to influence CAG in the next few months.

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