A generic image of a person on their laptop
Markets

Campbell Soup’s Estimates Slashed at Goldman Sachs (CPB)

Packaged foods maker Campbell Soup Company ( CPB ) on Thursday saw its earnings estimates lowered by analysts at Goldman Sachs.

The firm said it lowered its estimates for CPB through 2014, citing negative effects from recent currency fluctuations. Goldman maintained its "Sell" rating and $32 price target for CPB, suggesting a small downside to the stock's Wednesday closing price of $31.24.

Campbell Soup shares were unchanged in premarket trading Thursday.

The Bottom Line

Shares of Campbell Soup ( CPB ) have a 3.71% dividend yield, based on last night's closing stock price of $31.24. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $33-$34 price levels.

Campbell Soup Company ( CPB ) is not recommended at this time, holding a Dividend.com 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.

Created by Dividend.com


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

In This Story

CPB

Other Topics

Stocks

Latest Markets Videos