Campbell Soup price target raised to $47 from $45 at Wells Fargo

Wells Fargo analyst Chris Carey raised the firm’s price target on Campbell Soup to $47 from $45 and keeps an Equal Weight rating on the shares. Sustained sluggishness and what Campbell Soup will do about it is noteworthy, but another key development from Q3 was incremental disclosures around Sovos, a story getting better in the firm’s model, the analyst tells investors in a research note.