Conagra (CAG) Target Trimmed as Wells Fargo Updates 2026 Food Sector Models

Group 1 - Conagra Brands, Inc. (NYSE:CAG) is recognized as one of the 13 Best January Dividend Stocks to Invest in [1] - Wells Fargo has reduced its price target for Conagra to $18 from $19 while maintaining an Equal Weight rating, reflecting updates to their 2026 Food Sector models [2] - Conagra reported a net loss of $663.6 million for the quarter, a significant decline from a profit of $284.5 million a year earlier, although adjusted earnings of $0.45 per share exceeded estimates by $0.01 [5] Group 2 - The company is facing challenges such as uneven demand for pantry staples, pressured consumer spending, and intense competition, which contributed to a loss driven by a $968 million non-cash impairment [3] - Conagra's shares fell nearly 38% in 2025 due to supply chain disruptions, higher input costs, and softer demand, with shifts in consumer preferences towards healthier food adding further risk [4] - The company operates across various segments including Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice, with a portfolio of well-known consumer brands [6]