Bank of America downgrades this food giant because of rising chicken and beef costs
CNBC: Investing
JUNE 12, 2025
The bank downgraded the food and consumer packaged goods company to an underperform rating from neutral. On the other hand, demand elasticity for single-serve frozen meals has now approached the higher end of Galbo's packaged food coverage, which should limit Conagra's pricing power with its consumers.
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