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Credit Suisse Raises Price Target on Campbell’s (CPB)
Credit Suisse reported on Monday that they have increased their price target on convenience food product company, Campbell Soup Company(CPB
).
The firm, which currently has a “Underperform” rating on CPB, has increased the company’s price target to $40. This price target suggests that the stock remain flat at its current price of $40.28.
Analysts have increased the company’s price target based on a stable soup market.
Campbell shares were mostly flat during Monday morning trading. The stock has increased 19% in the past year.
The Bottom Line
Shares of Campbell Soup Company(CPB) have a 2.87% yield, based on Monday morning’s price of $40.35.
Campbell Soup Company(CPB) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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