Conagra Brands Stock Gains 12% in 3 Months: Hold Steady or Exit Now?
Conagra(CAG) ZACKS·2024-09-10 22:42
Conagra Brands, Inc. (CAG) has seen its shares gain 12.3% in the past three months compared with the industry’s 7% growth. The branded consumer foods company has also surpassed the broader Zacks Consumer Staples sector and the S&P 500’s respective growth of 7.6% and 0.1%.Although Conagra Brands has outpaced the industry and market at large, this momentum masks underlying headwinds that could weigh on its performance. The company is grappling with elevated costs as well as challenging industry trends includi ...