Wells Fargo analyst Chris Carey initiated coverage of Campbell Soup with an Equal Weight rating and $47 price target. The analyst says Campbell is losing share as private label rebounds while the company’s margin targets “are interesting but need visibility.” These items balance the stock’s valuation and the potential for Campbell to participate in a 2024 food recovery trade, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CPB:
- Campbell Soup price target raised to $45 from $44 at Deutsche Bank
- Campbell Soup price target raised to $44 from $42 at TD Cowen
- Campbell Soup price target raised to $47 from $44 at Piper Sandler
- Early notable gainers among liquid option names on December 6th
- Campbell Soup (NYSE:CPB) Gains on Q1 Earnings Beat; Reaffirms Outlook
