- Credit Suisse analyst Robert Moskow upgraded Conagra Brands Inc (NYSE:CAG) to Neutral from Underperform with an unchanged price target of $34.
- A “worst case” is already being priced into the shares, Moskow notes.
- The analyst views Conagra’s risk/reward as neutral saying consensus estimates already assume an earnings miss in fiscal 2022 off of reduced guidance.
- The stock’s valuation has dropped below its five-year average, adds Moskow. He thinks the catalyst for downward earnings revisions has now passed.
- Price Action: CAG shares are trading higher by 3.27% at $34.74 on the last check Wednesday.
$1000 Invested In Analog Devices 20 Years Ago Would Be Worth This Much Today
Analog Devices (NASDAQ:ADI) has outperformed the market over the past 20 years by 1.64% on an annualized basis producing an average annual return of 8.91%. Currently, Analog Devices has a market capitalization of $77.06 billion.
