Conagra Brands: Still A Buy For Income

Conagra Brands, Inc. (NYSE:CAG), a major supplier to supermarkets, foodservice establishments, and consumers, is a stock that we still like as a dividend-paying income name. Shares have stagnated, particularly in recent weeks, but remain at levels we like. We suggested a buy at the start of the year when shares were around $28, for income. We reiterated that call in October when the stock fell into the$20s, and today, we stand by the call and $32 price target. While we wait for conditions to improve for th ...