Morgan Stanley Assesses F15 Risk-Reward For Campbell Soup
In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $39.00 price target on Campbell Soup Company (NYSE: 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 closed on Tuesday at $45.27.
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