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Fly News Breaks for September 4, 2019
CPB
Sep 4, 2019 | 06:07 EDT
Piper Jaffray analyst Michael Lavery last night upgraded Campbell Soup to Neutral from Underweight and raised his price target for the shares to $45 from $40. Better focus and reinvestment in key brands can drive long-term benefits for Campbell, Lavery tells investors in a research note. However, rejuvenating brands that have been under-resourced can take some time, adds the analyst. Lavery, however, believes Campbell Soup is making good early progress on its strategic plan and that its higher investments look manageable.
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