Deutsche Bank lowered the firm’s price target on Campbell Soup (CPB) to $49 from $52 and keeps a Hold rating on the shares following the acquisition of Sovos Brands (SOVO).
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Read More on CPB:
- Sovos (NASDAQ:SOVO) Soars On $2.7B Acquisition By Campbell Soup
- Campbell acquires Sovos Brands for $23 per share in cash, in $2.7B deal
- Sovos Brands to be acquired Campbell Soup for $23 per share
- Campbell Soup to expand Goldfish production capacity with $160M investment
- Campbell Soup price target lowered to $49 from $50 at Barclays