In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $39.00 price target on Campbell Soup Company CPB.
In the report, Morgan Stanley noted, “We remain UW ahead of CPB's upcoming Investor Meeting, as we believe an abundance of business challenges and discrete EPS headwinds should drive de-rating versus peers. M&A remains a risk & a support for valuation, but family ownership and the absence of growth are practical constraints.”
Campbell Soup Company closed on Tuesday at $45.27.
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