UPDATE: Jefferies Downgrades Campbell Soup (CPB) to Hold, Upside More Challenging from Here

May 24, 2021 4:35 AM EDT
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Price: $43.19 -0.76%

Rating Summary:
    2 Buy, 13 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - May 24, 2021 7:37 AM EDT)

Jefferies analyst Rob Dickerson downgraded Campbell Soup (NYSE: CPB) from Buy to Hold with a price target of $54.00.

The analyst commented, "With elevated at-home HH penetration sustainability a risk, away-from-home exposure lower vs. peers, and brand investment/promotional needs potentially more probable (due to LTM share shifts) amidst an inflating cost environment, we find upward revisions more challenging from here and the risk/reward more balanced. We downgrade our rating from Buy to Hold; our $54 PT remains unchanged."

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 $48.87 yesterday.

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