Morgan Stanley raised the firm’s price target on Campbell Soup (CPB) to $47 from $46 and keeps an Equal Weight rating on the shares. Following a Packaged Food industry deep dive, the firm maintains a preference for names with visibility into volume-driven sales growth and sees risk to FY24 consensus EPS across “U.S.-centric names,” including Hershey (HSY) and Kraft Heinz (KHC) in particular, the analyst tells investors.
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