Conagra Brands Faces Mounting Pressure as Goldman Sachs Issues Sell Warning

The packaged food sector is experiencing significant headwinds, with Conagra Brands emerging as one of the most vulnerable players. As the company’s shares continue their downward trajectory, Goldman Sachs has intensified its pessimistic stance, forecasting further declines despite the stock’s attractive dividend yield.

In a pre-Thanksgiving analysis that sent ripples through the market, Goldman Sachs slashed its price target for Conagra Brands to just $16 per share—the most bearish projection among all covering analysts. This revised target suggests potential additional downside of nearly 10% for shares that have already plummeted over 36% year-to-date.

Analyst Leah Jordan reaffirmed her “Sell” rating, citing heightened concerns about the company’s capacity to drive growth Read more...