Campbell Soup misses profit, sales estimates; trims sales forecast

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Campbell Soup (CPB) PT Lowered to $58 at Wells Fargo; 'FQ3 EPS Misses On EBIT, FY17 Guidance Lowered For Sales

May 22, 2017 3:05 PM EDT

Wells Fargo lowered its price target on Campbell Soup (NYSE: CPB) to $58.00 (from $62.50) while maintaining a Market Perform rating, following the company's third quarter earnings report.

Analyst John Baumgartner notes the company delivered third quarter miss on earnings per share, revenues, EBIT, net... More