Goldman Sachs Neutral on ConAgra

Goldman Sachs is out with a research report on ConAgra, Inc.

and it has a Neutral rating and a $26 price target on shares. In a note to clients, Goldman Sachs writes, "ConAgra (CAG, Neutral) this morning reported an EPS shortfall and disappointed the market with a lack of immediate capital allocation plans. The earnings shortfall has caused us to revise our earnings estimates and price target lower. Our price target, while lower, still expresses our view that investors can be rewarded by holding CAG. The path to upside, however, will likely prove more protracted than many had envisioned." Shares of CAG are off 43 cents today to $22.96.