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Stock Market & Financial Investment News

News For CPB From The Last 14 Days
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September 4, 2015
10:00 EDTCPBOn The Fly: Analyst Upgrade Summary
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07:31 EDTCPBCampbell Soup upgraded to Neutral from Sell at Citi
Citi analyst David Driscoll upgraded Campbell Soup to Neutral saying the company's FY16 earnings growth is likely to improve, limiting downside risk. He raised his price target for shares to $50 from $45.
September 3, 2015
08:50 EDTCPBCampbell Soup is 'cautious, but optimistic' for 2016
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08:47 EDTCPBCampbell Soup expects US beverage business to improve, but not return to growth
Expects to eliminate all artificial colors and flavors from all North American products. Expects moderate growth in consumer environment marked with caution. Comments taken from Q4 earnings conference call.
08:40 EDTCPBCampbell Soup sees FY16 CapEx $350M
Sees FY16 tax rate of 31%-32%. Sees FY16 COPS inflation of 2%-3% and COPS productivity of 3%. Sees modest improvement of gross margin percentage in 2016. Sees total estimated restructuring program costs will be approximately $250M-$325M. Sees FY16 restructuring cost savings of $145M and FY18 restructuring cost savings of $250M. Comments taken from slides for Q4 earnings conference call.
07:26 EDTCPBCampbell Soup sees currency having negative 2 percentage point impact on FY16
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07:22 EDTCPBCampbell Soup reports Q4 simple meals sales $505M
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07:21 EDTCPBCampbell Soup sees FY16 adjusted EBIT up 3%-5%
07:19 EDTCPBCampbell Soup sees FY16 adjusted EPS $2.53-$2.58, consensus $2.53
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07:17 EDTCPBCampbell Soup reports Q4 adjusted EPS 43c, consensus 42c
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September 2, 2015
14:50 EDTCPBNotable companies reporting before tomorrow's open
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August 31, 2015
06:31 EDTCPBCampbell Soup's turnaround plans saw limited payoff, WSJ reports
Campbell Soup's recent embrace of simpler, more natural products has seen limited payoff, the Wall Street Journal reports. Consumers are increasingly avoiding canned and boxed foods, which caused Campbell in July to lower expectation for long-term sales growth to between 1%-3% from its previous target of 3%-4%, while analysts from Thomson Reuters expect the company to report that sells fell 2% in FY15, the report says. Campbell Soup has been acquiring fresher brands and aggressively cutting costs, but certain analysts have difficulty seeing a clear timetable for improvement, the report says. Reference Link

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