Fly News Breaks for June 6, 2019
CPB
Jun 6, 2019 | 08:01 EDT
Credit Suisse analyst Robert Moskow raised his price target for Campbell Soup to $36 from $30 due to "less bad" sales and operating profit than he feared. That said, the analyst does not recommend chasing the stock's jump. While CEO Mark Clouse described the soup business as showing "signs of stabilization," he also said that weak retail sales trends provided "further realization" of the need for additional investment to give soup a chance for growth in the future, Moskow adds. The analyst reiterates an Underperform rating on the shares.
News For CPB From the Last 2 Days
There are no results for your query CPB