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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

UNBELIEVABLE: Campbell s analyst bearish after q1 mixed results | History Defined

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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