Fly News Breaks for March 5, 2020
Mar 5, 2020 | 05:47 EDT
Credit Suisse analyst Robert Moskow upgraded Campbell Soup to Neutral from Underperform with a price target of $50, up from $43. The company reported a "high quality" fiscal Q2 with organic sales and operating profit growth both exceeding expectations, Moskow tells investors in a research note. Further, Campbell's guidance, especially for Q3, will prove conservative because it does not include any potential benefit to sales or profit from pantry-loading during the spread of coronavirus, adds the analyst.
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