In a report published Monday, Deutsche Bank reiterated its Hold rating on Campbell Soup Company 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in