Sector Update: Consumer

By Staff,

Shutterstock photo

Consumer shares were generally lower in pre-market trade Monday.

In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.

Shares slipped in recent pre-market trading , down 5% to $43, in a 52-week range of $38.30 to $48.83.

And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share.

The price target represents a potential 19% upside from the stock 's current trading price.

Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CPB , DECK

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