JPMorgan Cuts PT on Conagra Brands (CAG) to $17 From $19 – Here’s Why

Conagra Brands, Inc. (NYSE:CAG) is one of the best undervalued defensive stocks for 2026. Conagra Brands, Inc. (NYSE:CAG) received a rating update from JPMorgan on March 20. The firm cut the price target on the stock to $17 from $19 and maintained a Neutral rating on the shares. The rating update came as part of a fiscal Q3 preview, with the firm stating that the company’s earnings growth could be limited by inflation going forward. Conagra Brands Announces $220M Expansion of Arkansas Production Facility ...