UBS lowered the firm’s price target on Campbell’s (CPB) to $28 from $30 and keeps a Sell rating on the shares ahead of next week’s Q1 earnings report. The firm’s conversations would suggest sentiment has become a bit more mixed heading into next week, not necessarily driven by a shift in fundamentals, but rather a view that risk/reward has become more balanced, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPB:
- Sell Rating for Campbell Soup Due to Downward EPS Adjustments and Persistent Fundamental Challenges
- Campbell’s tells Bloomberg it no longer employs executive recorded making slurs
- Campbell’s defends ingredients as executive put on leave, WSJ reports
- Campbell Soup Shareholders Approve Board and Auditor
- Campbell Soup Appoints New CFO Todd E. Cunfer
