Packaged foods maker Campbell Soup Company (
) on Tuesday caught a big downgrade from analysts at JPMorgan.
The firm said it cut its rating CPB from "Neutral" to
"Underweight" while lowering its price target from $35 to $30. That
new target suggests a 7.6% downside to the stock's Friday closing
price of $32.48.
Campbell Soup shares, which have lost around 7% of their value
in the past year, posted small losses in premarket trading
The Bottom Line
Shares of Campbell Soup (
) have a 3.57% dividend yield, based on Friday's closing stock
price of $32.48. The stock has technical support in the $30-$31
price area. If the shares can firm up, we see overhead resistance
around the $33-$34 price levels.
Campbell Soup Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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