TD Cowen Trims ConAgra (CAG) Price Target, Maintains Hold Rating

ConAgra Brands, Inc. (NYSE:CAG) is one of 10 consumer defensive stocks to buy now. 

TD Cowen analyst Robert Moskow has lowered his price target on ConAgra Brands, Inc. (NYSE:CAG) to $20.50 from $22, while maintaining a Hold rating on the stock. The adjustment reflects growing concern over the company’s ability to navigate a series of economic and operational headwinds in the year ahead.

In his report, Moskow cited several challenges weighing on Conagra’s prospects. He pointed to rising tariff costs, which could squeeze margins, and reductions to the Supplemental Nutrition Assistance Program (SNAP), which may reduce demand among low-income consumers. These pressures, combined with broader economic strain on price-sensitive shoppers, create a challenging revenue environment for the packaged-food maker. Beyond demand-side threats, Moskow mentioned structural challenges tied to Conagra’s limited pricing power in a competitive retail market. He also flagged ongoing supply chain disruptions as a drag on both costs and execution, suggesting these issues could persist longer than market expectations.

The firm’s outlook implies that upside is limited without meaningful progress on these fronts. According to Moskow, ConAgra Brands, Inc. (NYSE:CAG) must bolster its ability to pass through higher costs and improve operational resilience before the stock can attract renewed investor support. At present, Cowen’s Hold rating reflects a cautious stance, acknowledging the company’s established brand and footprint, but expecting that near-term challenges will likely cap performance until a clearer path to stabilization emerges.

While we acknowledge the potential of CAG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Dividend Stocks of 2025 and 10 Best Wide Moat Dividend Stocks to Invest in.

Disclosure: None.