Campbell: UBS cuts target price.
(CercleFinance.com) - UBS has trimmed its target price on US soup company Campbell from 42 dollars to 41 dollars, a day after the group reported lower quarterly results and cut its full-year guidance.
"We do not see a probable near-term path for Campbell to acheieve its +5-7% EPS growth goal due to volume challenges, pricing pressure and reinvestment needs," the broker writes in a research report published today.
UBS - which has a "sell" rating on the shares - says it also sees "unfavorable margin mix headwinds" for the group.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
"We do not see a probable near-term path for Campbell to acheieve its +5-7% EPS growth goal due to volume challenges, pricing pressure and reinvestment needs," the broker writes in a research report published today.
UBS - which has a "sell" rating on the shares - says it also sees "unfavorable margin mix headwinds" for the group.
Copyright (c) 2017 CercleFinance.com. All rights reserved.