Citi Looks To New Campbell Soup CEO For Growth Plan

According to Citi, Campbell Soup

has struggled in recent years, with the most glaring issue being a decline of its U.S. Soup business. Citi said that at the upcoming analyst day on July 12th, it expects the new incoming CEO, Ms. Denise Morrison, to unveil her plan to restore CPB to growth. “After an extensive analysis of the potential causes of CPB's troubles in our 20 pg report, we do think that CPB can be fixed, but it needs to undertake significant reinvestment actions to regain traction.” Campbell Soup closed yesterday at $34.45.