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Why Analysts Lowered Campbell’s Price Target after Fiscal Q3 2018

Why Analysts Lowered Campbell’s Price Target after Fiscal Q3 2018

The Campbell Soup Company (CPB) reported mixed fiscal third-quarter results on May 18. Campbell Soup likely needs to revisit its growth strategy, as the current one doesn’t seem to be doing it any good. Following the company’s sluggish performance and weak outlook, multiple analysts have lowered their price targets for Campbell Soup stock.