These Analysts Cut Their Forecasts On Conagra Brands After Q2 Results

Core Insights - Conagra Brands Inc reported mixed results for Q2, with earnings per share of 45 cents, exceeding the analyst consensus of 44 cents, while sales of $2.979 billion fell short of the $2.986 billion estimate [1][2] Financial Performance - The company reaffirmed its fiscal 2026 adjusted EPS guidance of $1.70 to $1.85, compared to the analyst estimate of $1.75 [2] - Conagra projected organic net sales for fiscal 2026 to change between a 1% decline and flat growth compared to fiscal 2025 [2] - The adjusted operating margin outlook was maintained at approximately 11.0% to 11.5% [2] Market Reaction - Following the earnings announcement, Conagra shares fell by 0.8%, trading at $17.21 [3] - Analysts adjusted their price targets for Conagra, with B of A Securities lowering it from $18 to $17, RBC Capital from $22 to $20, Evercore ISI Group from $23 to $22, and TD Cowen from $19 to $18 [4]