Goldman Sachs Maintains Sell Rating for Campbell Soup: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of Campbell Soup CPB and lower its price target from $49.00 to $44.00.

Shares of Campbell Soup are trading up 0.58% over the last 24 hours, at $46.54 per share.

A move to $44.00 would account for a 5.46% decline from the current share price.

About Campbell Soup

With a history that dates back around 150 years, Campbell Soup is now a leading manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations, which wrapped in calendar 2019, the firm derives nearly all of its sales from its home turf. Campbell has made a handful of acquisitions to reshape its product mix the past few years, including the tie-up with Snyder's-Lance (completed in March 2018), which enhance its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.