Stifel has decided to maintain its Hold rating of Campbell Soup (NYSE:CPB) and raise its price target from $46.00 to $48.00.
Shares of Campbell Soup are trading up 0.83% over the last 24 hours, at $47.70 per share.
A move to $48.00 would account for a 0.62% increase from the current share price.
About Campbell Soup
With a history that dates back around 150 years, Campbell Soup is now a leading manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations, which wrapped in calendar 2019, the firm derives nearly all of its sales from its home turf. Campbell has made a handful of acquisitions to reshape its product mix the past few years, including the tie-up with Snyder's-Lance (completed in March 2018), which enhances its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.