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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Campbell's Analyst Bearish After Q1 Mixed Results

Campbell BofA Securities Mick Beekhuizen

BofA Securities analyst Peter T. Galbo reiterated an Underperform rating on Campbell’s Co. (NASDAQ:CPB), with a price target of $46.

The company’s first-quarter net sales of $2.77 billion were slightly below estimates, with organic sales down 1% YoY, impacted by lower volume/mix and pricing.

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