BTIG Initiates Coverage of Conagra (CAG) with Neutral Rating
BTIG initiated coverage of Conagra Brands, Inc. (NYSE:CAG) with a Neutral rating and no price target, citing potential benefits from demand for healthy frozen foods but concerns over its U.S. portfolio. The company also announced a leadership change with John Brase set to become CEO in June. BNP Paribas recently downgraded Conagra to Neutral from Outperform.
Topics: Analyst Coverage Company Leadership Change Consumer Goods Industry Stock Valuation