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. Conagra Brands, Inc. (NYSE:CAG) is an American food company that sells packaged consumer products. While we acknowledge the potential of CAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.