Campbell Soup Still a “Sell” at Goldman Sachs; Turnaround Unlikely (CPB)


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Packaged foods maker Campbell Soup Company ( CPB ) on Tuesday caught some continued bearish sentiment from analysts at Goldman Sachs.

The firm maintained its "Sell" rating CPB as well as its $32 price target, which suggests a small downside to the stock's Monday closing price of $32.75.

Goldman called Campbell's recent earnings a "low quality beat." The analyst commented, "The company continues to struggle in all its major segments, particularly in core US soup."

Campbell Soup shares were inactive in premarket trading Tuesday.

The Bottom Line
Shares of Campbell Soup ( CPB ) have a 3.54% dividend yield, based on last night's closing stock price of $32.75. The stock has technical support in the $30-$31 price area. If the shares can firm up, we see overhead resistance around the $36-$37 price levels.

Campbell Soup Company ( CPB ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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