Sector Update: Consumer Shares Mixed Pre-Market; ConAgra Sheds 5% on Q4 Guidance

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Top Consumer Shares:

WMT: flat

MCD: +0.11%

DIS: +0.11%

CVS: flat

KO: -0.05%

GE: -0.07%

Consumer shares were mixed in pre-market trade on Wednesday.

In consumer stocks news, The Gap Inc. ( GPS ) has been upgraded by analysts at Canaccord Genuity to buy from hold.

The firm also raised its price target on the apparel company's stock to $51 from $47 a share. In Wednesday's pre-market session, shares of GPS are steady at $41.24, and move within a 52-week trading range of $36.13 - $46.56.

And, ConAgra Foods ( CAG ) shares were down 5% after it said comparable fiscal Q4 EPS will be below prior expectations.

Diluted per share performance, to be reported June 26, is expected to be a loss of $0.76. After adjusting for items impacting comparability, fiscal Q4 EPS is expected to be approximately $0.55; the company's previous guidance anticipated comparable EPS slightly in excess of $0.60 for the quarter.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: GPS , CAG

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