JPMorgan raised the firm’s price target on Campbell Soup to $57 from $55, implying 15% total shareholder return, and keeps an Overweight rating on the shares. The firm still views the stock’s risk/reward as “relatively appealing” following the investor day. The analyst was “encouraged” to learn that Campbell’s Meals and Beverages unit is expected to hit a 19% margin in fiscal 2027, thanks in part to efficiency gains. JPMorgan points out the company’s guidance already incorporates more spending.
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