TD Cowen lowered the firm’s price target on Campbell’s (CPB) to $44 from $51 and keeps a Hold rating on the shares. The firm said after a 1Q org sales miss, Campbell management lowered expectations for 2Q due to soft sales trends and higher spending on marketing/promo to come.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPB:
- Campbell’s price target lowered to $41 from $44 at Citi
- Campbell Soup Company Reports Strong Sales Growth
- Campbell’s price target lowered to $45 from $51 at Wells Fargo
- Campbell’s price target lowered to $47 from $50 at Stifel
- Salesforce up after Q3, GM outlines $5B in China business charges: Morning Buzz