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.
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Published first on TheFly
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