NEW YORK (TheStreet) -- Campbell Soup (CPB) - Get Report stock is ticking up 0.03% to $62 on Monday morning after Goldman Sachs analysts upgraded the company to "neutral" from "sell" and raised their price target to $62 from $50.

The firm is bullish after the Camden, NJ-based canned soup maker released its second quarter 2016 earnings last Thursday, reporting earnings of 87 cents that beat Wall Street's expectations of 80 cents a share. 

Revenue of $2.2 billion was in line with analysts' estimates. 

"As a result, we see continuation of a beat and raise story," analysts said, adding that they also see further opportunity for efficiency gains.

Most of all, the firm is bullish on its better-than-expected cost savings, which have helped the company to enhance margins. 

Even though investors remain hopeful of the company's future, several risks include strategic activity and better/worse productivity realization, the firm noted.

Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A. 

TST Recommends

The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CPB

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