UBS Maintains a 'Neutral' on Campbell Soup (CPB); Bolt-On Growth?

Article Stock Quotes (1) Comments (0)

UBS maintains a 'Neutral' on Campbell Soup (NYSE: CPB) price target of $34.00.

Analyst David Palmer, questions Campbell's acquisition of Bolthouse Farms for $1.55 billion, asking if the move is to Bolt-on growth? (pun intended)

For its fiscal year ended March 31, 2012, Bolthouse had sales of $689 million and adjusted EBIT of $92 million. From 2010 through 2012, the company had compound annual net sales growth of 7%. It employs about 2,100 people.

CPB's current market cap is $10.37 billion and the stock's 52-week trading range has been relatively stable vs. global markets and volatility ($29.69 - $35.02)

For an analyst ratings summary and ratings history on Campbell Soup click here. For more ratings news on Campbell Soup click here.

Shares of Campbell Soup closed at $32.72 yesterday, with a 52 week range of $29.69-$35.02.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Dish Network (DISH) CEO Offers $2 Billion for Lightsquared Spectrum - Bloomberg
• Campbell Reports Third-Quarter Results
• UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy

Create E-mail Alert Related Categories

Analyst Comments, Mergers and Acquisitions

Related Entities

UBS

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?