Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Campbell’s (CPB) to $30 from $33 and keeps an Equal Weight rating on the shares. The firm, which is expecting a relatively in-line Q1 and reiterated fiscal year guidance, thinks Q2 “may be talked down” given deteriorating trends and tougher comparisons, the analyst tells investors in a fiscal Q1 preview.
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