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Conagra Brands, Inc. (NYSE:CAG) is included among the 10 Oversold Dividend Growth Stocks to Buy.

On June 3, Bernstein downgraded Conagra Brands, Inc. (NYSE:CAG) to Underperform from Market Perform. It also reduced its price target on the stock to $12 from $16. The firm said the company appears to be moving toward a dividend cut, noting that its payout ratio has climbed to nearly 90%. In a research note, the analyst suggested that incoming CEO John Brase may seek additional investment spending to help revive sales growth. Bernstein pointed to ongoing commodity inflation and Conagra’s limited ability to raise prices as key reasons for the downgrade.

A day earlier, on June 2, UBS analyst Peter Grom lowered his price recommendation on CAG to $13 from $16. He reiterated a Neutral rating on the stock. In a research note, the analyst said the firm had revised its expectations for food companies to reflect current demand trends and inflationary pressures.

Conagra Brands, Inc. (NYSE:CAG) is a branded food company with operations across four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. Its Grocery & Snacks division includes branded shelf-stable food products that are sold through a variety of retail channels across the United States.

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