Goldman Sachs Removes Campbell from Conviction Buy List (CPB)
Goldman Sachs reported on Friday that they have removed packaged food products producer, Campbell Soup Company(CPB) from their Conviction Buy List.
The firm has removed CPB from their Conviction Buy List due to a decline in the company’s previously expected turnaround. Goldman Sachs currently has a $40 price target on the company, suggesting a 11% upside from the current price of $35.31
Campbell shares were mostly flat during premarket trading Friday. The stock has increased 12% in the past year.
The Bottom Line
Shares of Campbell Soup (CPB) have a 3.29% dividend yield, based on last night’s closing stock price of $35.31. The stock has technical support in the $33-$34 price area. If the shares can firm up, we see overhead resistance around the $37-$38 price levels.
Campbell Soup Company(CPB) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability