JP Morgan Maintains Neutral Rating for Campbell Soup: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Neutral rating for Campbell Soup (NYSE:CPB) but raised its price target from $47.00 to $48.00. Campbell Soup's shares have seen a 0.56% increase over the last 24 hours, trading at $42.88. The new price target suggests a potential 11.94% increase from the current price. Campbell Soup, known for brands like Campbell's and Pepperidge Farm, focuses primarily on the U.S. market after selling its international snacking operations in 2019.
March 01, 2024 | 5:00 pm
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JP Morgan maintains a Neutral rating on Campbell Soup but raises the price target from $47 to $48, indicating a potential 11.94% increase from the current price.
The increase in the price target by JP Morgan reflects a positive outlook on Campbell Soup's stock, suggesting a potential upside. This could lead to increased investor interest and potentially drive the stock price up in the short term. The confidence in this analysis is high due to the direct impact of analyst ratings and price targets on investor sentiment and stock prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100