BTIG Initiates Coverage of Conagra (CAG)

Conagra Brands, Inc. (NYSE:CAG) is one of the

12 Oversold Blue Chip Stocks to Buy According to Analysts.

On April 13, 2026, BTIG initiated coverage of Conagra Brands, Inc. (NYSE:CAG) with a Neutral rating and no price target. BTIG said the company is theoretically positioned to benefit from demand for healthy frozen foods and functional snacks, but expressed concern over the breadth of its U.S. portfolio, noting a long tail of smaller brands with limited investment and describing margin progression from current levels as “complicated.”

Earlier that day, Conagra announced that John Brase will become President and CEO effective June 1 and will join the board of directors. He succeeds Sean Connolly, who will step down on May 31 after more than a decade. Brase brings over 35 years of consumer goods experience and most recently served as President and COO of The J. M. Smucker Company.

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On April 9, 2026, BNP Paribas downgraded Conagra to Neutral from Outperform and lowered its price target to $16 from $19. BNP Paribas said U.S. packaged food valuations “look cheap relative to history,” but argued they are “cheap for a reason,” citing muted volume growth expectations and potentially limited pricing power across the sector.

Conagra Brands, Inc. (NYSE:CAG) operates a consumer packaged food business primarily in the United States.

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