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Fly News Breaks for December 1, 2015
CPB
Dec 1, 2015 | 07:40 EDT
Argus upgraded Campbell Soup to Buy with a $65 price target on shares. The firm said Campbell Soup is shifting its product mix towards faster growing areas with the acquisitions of Bolthouse Farms, Plum Organics and Garden Fresh Gourmet. Additionally, management is focused on lowering costs and and investing further in its core brands. Argus believes the company's cost savings initiatives and ability to raise prices will drive the multiple higher.
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