JP Morgan Maintains Neutral Rating for Campbell Soup: Here's What You Need To Know

JP Morgan has decided to maintain its Neutral rating of Campbell Soup CPB and raise its price target from $47.00 to $48.00.

Shares of Campbell Soup are trading up 0.56% over the last 24 hours, at $42.88 per share.

A move to $48.00 would account for a 11.94% increase 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 in calendar 2019, the firm derives nearly all of its sales from the United States. Campbell has made a handful of acquisitions to reshape its product mix in the past several years, including the tie-up with Snyder's-Lance in March 2018, which enhanced its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.

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