Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Campbell Soup Company on Low Valuation

Share:
Related CPB
UPDATE: Campbell Soup Posts In-Line Q2 Earnings
Keep an Eye on These 10 Stocks for February 25, 2015
Ride the Next Wave of Organic Food's Growth, With WhiteWave Foods (WFM, CPB, WWAV, GIS) (Small Cap Network)

In a report published Monday, Deutsche Bank reiterated its Hold rating on Campbell Soup Company (NYSE: CPB), and raised its price target from $34.00 to $36.00.

Deutsche Bank noted, “Campbell's valuation (14.5x C2013E P/E vs. 17.0x group avg) remains low vs. peers, but we believe this is still reasonable as evidence for a U.S. soup turnaround remains elusive. Though mgmt is investing behind new products, restructuring savings should help, and looking to M&A-led growth, fundamental challenges leave us wary.”

Campbell Soup Company closed on Friday at $37.93.

Latest Ratings for CPB

DateFirmActionFromTo
Feb 2015CitigroupMaintainsSell
Feb 2015JP MorganMaintainsUnderweight
Jan 2015CitigroupDowngradesNeutralSell

View More Analyst Ratings for CPB
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (CPB)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→