UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT on Campbell Soup Company

In a report published Wednesday, Goldman Sachs Group reiterated its Buy rating on Campbell Soup Company

, and slightly raised its price target from $39.00 to $40.00. Goldman Sachs noted, “CPB reported 1Q13 EPS of $0.88, ahead of GS $0.87 estimate and consensus' $0.85, and reaffirmed FY13 guidance of +10%-12% sales, 4%-6% EBIT growth, and 3%-5% EPS growth over 2012 that implies FY13 EPS of $2.51-$2.57. We modestly adjust estimates to reflect FX, guidance on quarterly sales and marketing expense and a modest benefit from the Hostess disruption.” Campbell Soup Company closed on Tuesday at $36.21.