Top Wall Street Forecasters Revamp Conagra Brands Expectations Ahead Of Q2 Earnings

Core Insights - Conagra Brands, Inc. is set to release its second-quarter earnings results on December 19, with analysts expecting earnings of 44 cents per share, a decline from 70 cents per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $2.98 billion, down from $3.2 billion reported in the previous year [1][2] Earnings Performance - In the first quarter of fiscal 2026, Conagra Brands exceeded Wall Street expectations but still reported year-over-year declines [2] - The company's shares fell by 0.7%, closing at $17.80 [2] Analyst Ratings and Price Targets - Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and reduced the price target from $20 to $19 [3] - Stifel analyst Matthew Smith also maintained a Hold rating, cutting the price target from $21 to $19 [3] - Goldman Sachs analyst Leah Jordan maintained a Sell rating, lowering the price target from $18 to $16 [3] - Evercore ISI Group analyst David Palmer kept an In-Line rating, reducing the price target from $24 to $23 [3] - Morgan Stanley analyst Megan Alexander maintained an Equal-Weight rating and raised the price target from $20 to $21 [3]