Deutsche Bank Cuts Price Target On Campbell Soup (CPB)

Deutsche Bank lowered their price target on Campbell Soup (NYSE: CPB) from $33 to $32, while maintaining a Hold rating.

The firm comments, "With US and Intl soup still struggling, investors were displeased to see that are now under pressure. Despite a 7% FCF yield, solid balance sheet and low valuation, investors are clearly concerned about how long a turnaround will take and the impact on EPS during the interim. We agree and thus retain our HOLD opinion."

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 $33.61 yesterday.

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