NEW YORK (TheStreet) -- Credit Suisse increased its price target on Campbell Soup (CPB) - Get Report  to $60 from $57 and maintained its "underperform" rating on the stock.

The new price target comes after the Camden, NJ-based canned soup maker reported its 2015 fourth quarter results yesterday.

Campbell reported adjusted earnings of 87 cents per share, beating analysts' estimates for earnings of 80 cents per share. Revenue fell by 1% to $2.2 billion year-over-year and was in line with Wall Street's projections.

"The decision to raise promoted price points on Ready to Serve (RTS) soup, along with an execution mishap on Chunky, caused a free-fall in sales (on top of two consecutive years of annual 5% sales declines) and an untenable situation which management now needs to address," Credit Suisse said in an analyst note.

While the company must take steps to stabilize these declines, the firm likes the pragmatic approach management is taking toward its soup business and its resistance to chasing growth like it has in the past.

Shares of Campbell Soup closed at $62.62 on Thursday.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

This is driven by several positive factors, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.

The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were 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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