Conagra Brands, Inc. (NYSE:CAG) is among the 10 Most Oversold S&P 500 Stocks So Far in 2026.
On May 28, BofA analyst Peter Galbo lowered the price target on the stock to $13 from $15 and reiterated an Underperform rating
The firm made the adjustment after it revised quarter-end sales estimates for certain packaged food companies. This follows Wells Fargo’s update on May 18, when it maintained its Underweight rating on Conagra Brands, Inc. (NYSE:CAG) and cut the price target on the stock to $13 from $14. As of the close of business on May 29, Wall Street has a Hold rating on the stock, based on 16 analysts’ recommendations, with an average share price upside potential of 16%.
On April 1, Conagra Brands, Inc. (NYSE:CAG) reported financial results for the third quarter of fiscal 2026. Revenue declined 1.9% year-over-year to $2.79 billion, but beat analysts’ estimates of $2.76 billion. Adjusted EPS came in at $0.39, down 23.5% from the prior year and missing expectations by one cent.