Deutsche Bank Affirms Campbell Soup Hold, Trims PT

Deutsche Bank affirmed its Campbell Soup (NYSE: CPB) Hold rating and trimmed its Campbell Soup price target from $33 to $32 in a research report published today.

In the report, Deutsche Bank states, "With US and Intl soup still struggling, investors were displeased to see that Arnott's and V8 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."

Shares of Campbell Soup closed today at $31.84, down 5.27% from Monday's market close.