Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Campbell’s (CPB) to $27 from $28 and keeps an Equal Weight rating on the shares. Ahead of fiscal Q2 earnings due on Wednesday, March 11, the firm says it expects “a largely in-line” Q2 report with organic sales growth below consensus but EPS in-line. With an anticipated snacks inflection in the second half still unclear, the firm thinks it’s likely that management tempers its second half outlook, the analyst added in a preview.
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