Market Overview

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

Share:
Related CPB
Benzinga's Top Downgrades
Argus Downgrades Campbell Soup To Hold Citing Weak Near-Term Outlook
Campbell Soup Will Continue To Trade A Discount To Its Peers (Seeking Alpha)

In a report published Wednesday, Goldman Sachs Group reiterated its Buy rating on Campbell Soup Company (NYSE: CPB), 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.

Latest Ratings for CPB

DateFirmActionFromTo
Sep 2016Argus ResearchDowngradesBuyHold
Sep 2016CLSAMaintainsPerform
Sep 2016CitigroupMaintainsNeutral

View More Analyst Ratings for CPB
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (CPB)

View Comments and Join the Discussion!