Piper Sandler analyst Michael Lavery raised the firm’s price target on Campbell Soup to $55 from $46 and keeps a Neutral rating on the shares. Broad inflationary pressure continued to weigh on Campbell in fiscal Q1, and it is now taking some additional, targeted pricing, Lavery tells investors in a research note. The analyst says the company’s fiscal 2023 operating outlook looks achievable, especially given its strong pricing momentum and modest elasticities.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CPB:
- Campbell Soup CEO: The supply chain is now a ‘real strength’
- Early notable gainers among liquid option names on December 7th
- Campbell Soup raises FY23 adjusted EPS view to $2.90-$3.00 from $2.85-$2.95
- Campbell Soup reports Q1 adjusted EPS $1.02, consensus 88c
- Notable companies reporting before tomorrow’s open