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Stock Market & Financial Investment News

News Breaks
May 20, 2014
05:40 EDTCPBCampbell Soup downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded Campbell Soup to Underperform on expectations consensus estimates for FY15 will need to come down due to difficult comparisons, increased company investment and "stagnant" industry trends. The firm raised its price target for shares to $42 from $41.
News For CPB From The Last 14 Days
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July 22, 2015
09:07 EDTCPBOn The Fly: Pre-market Movers
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07:38 EDTCPBCampbell Soup revises long-term growth targets
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07:32 EDTCPBCampbell Soup raises FY15 adjusted EPS view to $2.43-$2.46 from $2.32-$2.38
Consensus is $2.38. Consistent with previous sales guidance, the company expects sales to decline by 1 percent, reflecting the negative impact of currency translation. Reflecting favorable gross margin performance and earlier-than-expected benefits from the previously announced cost reduction initiatives, Campbell now expects adjusted EBIT to decline -2 to -1 percent, compared to the previous guidance of being at the favorable end of the -7 to -5 percent range. The company expects adjusted EPS to be in the range of -1 to 0 percent, or $2.43 to $2.46 per share, compared to the previous guidance of being at the favorable end of the -5 to -3 percent range or $2.32 to $2.38 per share.
07:31 EDTCPBCampbell Soup now sees $75M in savings from cost reduction initiatives in FY15
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July 20, 2015
06:56 EDTCPBCampbell Soup to host investor day
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