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UBS lowers Conagra Brands' price target and the company misses earnings and revenue estimates.
UBS Group lowered its price target for Conagra Brands to $21 from $22, maintaining a "neutral" rating.
The company's recent earnings of $0.51 per share missed estimates by $0.01, with revenue at $2.84 billion, below the forecast of $2.92 billion.
Conagra Brands has a market cap of about $10 billion and a P/E ratio of 31.01.
Institutional investors own 83.75% of the stock, with some reducing their holdings.
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UBS reduce el objetivo de precios de Conagra Brands y la empresa no alcanza las estimaciones de ganancias e ingresos.