Telsey Advisory analyst Dana Telsey downgraded Sovos Brands (SOVO) to Market Perform from Outperform with a price target of $23, up from $22. The analyst now sees limited share price upside following the acquisition by Campbell Soup (CPB). The firm is supportive of the acquisition of Sovos at $23 per share, believing it is a fair price based on current business trends.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SOVO:
- Campbell Soup price target lowered to $49 from $52 at Deutsche Bank
- Sovos Brands downgraded to Market Perform from Outperform at William Blair
- Sovos Brands downgraded to Hold from Buy at Stifel
- Sovos Brands downgraded to Neutral from Overweight at JPMorgan
- Sovos Brands downgraded to Hold from Buy at Needham