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UPDATE: Credit Suisse Raises PT on Campbell Soup Company on Raised Estimates

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Campbell Soup Delivers Hot Fiscal Q1 Earnings (Investor's Business Daily)

In a report published Monday, Credit Suisse reiterated its Underperform rating on Campbell Soup Company (NYSE: CPB), and raised its price target from $35.00 to $40.00.

Credit Suisse noted, “We are raising our estimates modestly on Campbell to $2.55 and $2.70 from $2.54 and $2.68 for FY 13 and FY 14 because we believe the company has made significant progress stabilizing its soup business. However, we are keeping our underperform rating on the stock because of the company's below-peer growth rate and because of our concern that the ‘dual mandate' for growth will lead to dilution of profit margins given it depends heavily on growing the lower margin categories outside of soup.”

Campbell Soup Company closed on Friday at $40.13.

Latest Ratings for CPB

Nov 2015Credit SuisseMaintainsUnderperform
Sep 2015CitigroupUpgradesSellNeutral
May 2015JP MorganMaintainsUnderweight

View More Analyst Ratings for CPB
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings


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