Conagra: I Am Buying This Value (Rating Upgrade)

Conagra is deeply undervalued, trading at a forward P/E of 9.25 and offering a near 9% dividend yield. Dividend coverage remains achievable with projected FY26 earnings of $1.70, though input and energy cost risks persist. I target $18.70 per share (forward P/E 11) as fair value, with contrarian upside and attractive option strategies available.