Conagra Brands, Inc. (NYSE:CAG) is one of the S&P 500 stocks with a low PE ratio. On September 24, Evercore ISI reiterated an In Line rating on CAG while slashing the target price from $24 to$23. Evercore lowered its price target following a drop in its FY2026 EPS from $1.82 to$1.79, reflecting a 22% year-over-year dip. The firm pointed to higher commodity inflation, particularly in beef, as the main factor leading to the downward revision. Commodity Inflation Concerns Prompt Evercore ISI to Cut Conagr ...