Analysts Weigh in on Campbell Soup and Conagra Brands
Consumer Goods sector analysts have been weighing in on two prominent companies: Campbell Soup (CPB) and Conagra Brands (CAG).
Taylor Conrad, a 4-star analyst at Argus Research, maintained a Hold rating for CPB. He covers Consumer Goods stocks such as Coca-Cola Europacific Partners, Procter & Gamble, and Keurig Dr Pepper.
Conrad's report is consistent with the Moderate Sell analyst consensus rating for Campbell Soup, which has an average price target of $19.80, a -2.7% downside from current levels.
Peter Galbo from Bank of America Securities also weighed in on CAG. He reiterated a Sell rating and set a price target of $13.00, down slightly from the company's closing price last Wednesday at $13.87.