Campbell Soup (CPB) PT Lowered to $58 at Jefferies
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Jefferies analyst Rob Dickerson lowered the price target on Campbell Soup (NYSE: CPB) to $58.00 (from $59.00) while maintaining a Buy rating.
The analyst commented, "We edge our FY'21 EPS est. higher post-CPB’s Q1 beat (OP +10% vs. Street). Despite posting a second consecutive qtr. of positive results, the stock was down ~2% today given forthcoming Q2 GM giveback, potentially decelerating y/y Q2 sales growth, and a Q2 guide a penny short of consensus on the high end. Our Buy thesis is focused on3YR EPS CAGR off 2019 base vis-à-vis a discounted valuation and strategic optionality going forward."
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Analyst PT Change
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