Stifel's Matthew Smith questions Conagra's ambitious expecta...

Moomoo AI Oct 7, 2023 04:52

Stifel's Matthew Smith questions Conagra's ambitious expectation for volume improvement in H2 2024 given current consumer climate. BoA's Peter Galbo and Mizuho's John Baumgartner highlight price-sensitive demand fluctuations among lower-income consumers, indicating potential challenges in the frozen food sector's recovery.

Conagra Stock Hits Lowest Level Since 2020 as Consumers Grow Cold on Frozen Food

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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