Reported 9 months ago
Shares of Campbell Soup Company have increased after JPMorgan upgraded the stock from Neutral to Overweight with a price target of $52 per share. The upgrade, the first since 2009, was based on JPMorgan's positive outlook on consumer demand for Campbell's products, potential synergies, and improved margins due to cost-cutting measures. Executives at Campbell's impressed JPMorgan analysts during a meeting, leading to the favorable recommendation.
Source: YAHOO