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Fly News Breaks for May 21, 2018
CPB
May 21, 2018 | 07:22 EDT
RBC Capital analyst David Palmer lowered his price target on Campbell Soup to $40 and kept his Sector Perform rating as a result of increasing "cost pressures and the need to reinvest". The analyst also cites last week's announcement of CEO resignation, the reduction in FY18 guidance, higher input cost / freight inflation, and rising promotional spending in the core soup category.
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