CPB - initiating coverage of CPB with an Outperform rating and a
$55 price target (+17% upside potential). Under the leadership of
CEO Mark Clouse, CPB has been disposing non-core assets and
realigning the organization to grow snacks and stabilize soup. We
believe CPB is taking the correct steps this time around to finally
return its business to sustainable LSD growth. We see modest upside
on both sales and are well ahead on EPS
from rbc
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CPB - initiating coverage of
Posted by billk on 17th of Oct 2019 at 08:27 am
CPB - initiating coverage of CPB with an Outperform rating and a $55 price target (+17% upside potential). Under the leadership of CEO Mark Clouse, CPB has been disposing non-core assets and realigning the organization to grow snacks and stabilize soup. We believe CPB is taking the correct steps this time around to finally return its business to sustainable LSD growth. We see modest upside on both sales and are well ahead on EPS
from rbc