Worries of ‘rampant’ inflation leads two analysts to abandon their buy ratings on Conagra’s stock
July 14, 2021 at 17:17 PM EDT
Shares of Conagra Brands Inc. took another hit Wednesday, after two Wall Street analysts abandoned their bullish calls in the wake of the packaged foods company's warning that a 'substantial increase' in inflation the past three months will take a more than $250 million bite out of profit this year.