Conagra Brands Stock Falls After Downgrade. Rising Meat Prices Are to Blame. - Barron's
1. BofA downgraded CAG to Underperform, lowering price target to $20. 2. Rising meat costs significantly impact Conagra’s profit margins. 3. Analysts project 6.7% growth in costs, led by 25% meat price hikes. 4. CAG's earnings forecast for fiscal 2026 reduced to $2 per share. 5. Shares have declined 21% in 2025, nearing a 52-week low.