“Conagra (CAG)’s Quarter Was Just Okay,” Says Jim Cramer

Company Overview - Conagra Brands, Inc. (NYSE:CAG) is a consumer packaged goods company [2] Earnings Report and Analyst Reactions - After reporting its second-quarter earnings in December, RBC Capital reduced its share price target for Conagra from $22 to $20 while maintaining a Sector Perform rating, citing one-time and transient issues that are expected to resolve in upcoming quarters [2] - Evercore ISI also lowered its price target from $23 to $22, keeping an In Line rating, noting turmoil in Conagra's frozen food business due to high prices and tariffs, but anticipating improvement in the second half of fiscal year 2026 [2] - Goldman Sachs cut its price target from $18 to $16 on November 25th, maintaining a Sell rating on the shares [2] Jim Cramer's Commentary - Jim Cramer commented that Conagra's recent quarter performance was "just okay" and highlighted concerns regarding rising cattle prices impacting the company [3] - Cramer has previously expressed reluctance to invest in companies with stagnant revenues over the years [2][3]