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Fly News Breaks for December 5, 2019
CPB
Dec 5, 2019 | 07:51 EDT
UBS analyst Steven Strycula raised his price target on Campbell Soup to $41 after its Q1 earnings beat, but says the quarter's performance was "clouded" by one-time items around Thanksgiving sales, synergy-related tailwinds, and pension costs. The analyst still keeps his Sells rating on the stock however, calling for "better relative valuation vs. legacy Food and better EBIT growth" that excludes the impact of one-time items.
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