Campbell Soup price target lowered to $47 from $48 at DA Davidson

DA Davidson lowered the firm’s price target on Campbell Soup to $47 from $48 but keeps a Buy rating on the shares after its Q2 results. The firm remains positive on the stock’s risk-reward ahead of the anticipated inflection in the second half of the year, supported by easing volume compares and moderating core inflation, the analyst tells investors in a research note. Both consensus estimates and valuation are discounting such an outcome, DA Davidson added.