Needham analyst Mike McGinley downgraded Sovos Brands (SOVO) to Hold from Buy after the company agreed to be acquired by Campbell Soup (CPB) for $23 per share in cash.
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Read More on SOVO:
- Sovos (NASDAQ:SOVO) Soars On $2.7B Acquisition By Campbell Soup
- Sovos Brands not providing forward-looking guidance
- Sovos Brands reports Q2 adjusted EPS 17c, consensus 13c
- Campbell acquires Sovos Brands for $23 per share in cash, in $2.7B deal
- Sovos Brands Reports Second Quarter 2023 Financial Results