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.
Latest Ratings for CPB
|Apr 2015||JP Morgan||Maintains||Underweight|
|Feb 2015||JP Morgan||Maintains||Underweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.