Conagra Brands Downgrade: Analysts Reassess Top Stocks

Author: Henry Turner Updated: 02-24-2025 01:28 PM

Analysts Revise Ratings for Notable Stocks

In the ever-evolving landscape of investments, analysts on Wall Street frequently revise their ratings to reflect current market conditions. This week, several prominent stocks experienced modifications in their outlook, highlighting the dynamics of market valuations.

Conagra Brands Faces Downgrade

Notably, Goldman Sachs analyst Leah Jordan has downgraded Conagra Brands, Inc. (NYSE: CAG) from Buy to Neutral, slashing the price target from $33 to $26. Conagra Brands closed at $25.79 recently, indicating a cautious sentiment around the company's future prospects. Investors interested in CAG stock should pay attention to these changes, as they may influence trading strategies moving forward.

Exelixis Underperformed

Exelixis, Inc. (NASDAQ: EXEL) also saw a shift in its analyst perspective. Wells Fargo's Derek Archila downgraded the stock from Overweight to Equal-Weight while maintaining a price target of $36. The stock was priced at $36.85 at the close of trading on the previous session, hinting at a sentiment adjustment among analysts.

Rivian Automotive Downgraded by B of A

Another shift was recorded for Rivian Automotive, Inc. (NASDAQ: RIVN). Analyst John Murphy from B of A Securities downgraded the stock from Neutral to Underperform, reducing the price target from $13 to $10. Rivian closed at $12.97, reflecting a challenging outlook in the electric vehicle sector.

Boyd Gaming Gets a New Rating

Morgan Stanley’s Stephen Grambling has also reassessed Boyd Gaming Corporation (NYSE: BYD), lowering their rating from Overweight to Equal-Weight and adjusting the price target from $82 to $81. Boyd’s shares closed at $76.86, a promising position as it navigates its way through industry hurdles.

Intra-Cellular Therapies Adjustments

Meanwhile, Mizuho's Graig Suvannavejh downgraded Intra-Cellular Therapies, Inc. (NASDAQ: ITCI) from Outperform to Neutral, while cutting the price target from $140 to $132. It’s essential for stakeholders to keep track of these fluctuations, especially since ITCI ended the previous day at $128.60.

Future of Conagra Brands and Market Analysis

Considering the downgrade for Conagra Brands, it is essential to digest what analysts predict for the company moving forward. Investors should analyze the broader market trends, the company’s recent performance, and how changes in consumer behavior and supply chains could impact Conagra's ability to rebound. Staying informed about sector dynamics will be crucial for those considering buying CAG stock.

Frequently Asked Questions

What recent changes have been made to Conagra Brands' stock rating?

Conagra Brands was downgraded from Buy to Neutral by Goldman Sachs, with a new price target of $26.

How has Exelixis' stock rating changed recently?

Exelixis was downgraded from Overweight to Equal-Weight by Wells Fargo, maintaining a price target of $36.

What is the current outlook for Rivian Automotive?

Rivian has been downgraded from Neutral to Underperform with a lowered price target of $10, down from $13.

Which companies received downgrades besides Conagra Brands?

Other companies downgraded include Boyd Gaming, Intra-Cellular Therapies, and Rivian Automotive.

How should investors respond to these downgrades?

Investors should analyze the rationale behind the downgrades carefully and consider the broader market trends before making investment decisions.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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