NEW YORK (TheStreet) -- Shares of Campbell Soup Co. (CPB) are down -0.48% to $43.74 after the company warned that its sales growth for the upcoming fiscal year would likely fall below its long-term targets and the packaged food company may need to continue reshaping its portfolio to meet its goals, the Wall Street Journal reports.
The company also reaffirmed its previously lowered guidance for its fiscal year that ends August 3, ahead of an investor meeting today.
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TheStreet Ratings team rates CAMPBELL SOUP CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAMPBELL SOUP CO (CPB) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: