Campbell Soup says 2018 to be difficult, warns of sales drop
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Campbell Soup (CPB) PT Lowered to $46 at UBS; Reiterates Sell
September 1, 2017 9:00 AM EDTUBS lowered its price target on Campbell Soup (NYSE: CPB) to $46.00 (from $50.00) while maintaining a Sell rating following the company's 4Q. CPB shares traded down -5% on Thursday as F4Q EPS fell -$0.02 below Street expectations as a result of lower organic sales... More
Campbell Soup (CPB) PT Lowered to $51 at Deutsche Bank Following 4Q
September 1, 2017 7:21 AM EDTDeutsche Bank lowered its price target on Campbell Soup (NYSE: CPB) to $51.00 (from $58.00) while maintaining a Hold rating following the company's 4Q.
Campbell Soup missed consensus by $0.03 in Q4, driven mainly by a higher tax rate, as operating profit was off by ~$2mm. For 2018, management maintained a relatively cautious tone.
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