Campbell upgraded to Overweight at Piper Sandler on improving volumes, valuation
The Fly

Campbell upgraded to Overweight at Piper Sandler on improving volumes, valuation

Piper Sandler upgraded Campbell (CPB) to Overweight from Neutral with a price target of $56, up from $47. The firm is citing better long-term growth expectations with the company’s Rao’s brand, as well as its improving U.S. retail sales and volume trends, the analyst tells investors in a research note. The stock’s 15% pull-back since mid-September also presents a good buying opportunity as Piper views Campbell as “one of the better-positioned large-cap food names”.

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