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Campbell Soup stock rises on upgrade from JPMorgan

Julie Hyman and Josh Lipton

Shares of Campbell Soup Company (CPB) are rising following a JPMorgan upgrade on the stock from Neutral to Overweight, with a price target of $52 per share.

Yahoo Finance Anchors Josh Lipton and Julie Hyman break down this latest development for Campbell Soup and what it could mean for the company moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino

Video transcript

Jp Morgan upgrading the soup maker to overweight from neutral a price target of 52.

And Julie Jp Morgan saying this is its first overweight recommendation on the stock since 2009 by the way.

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So it has been a while but they like it now and I went over some different reasons why they told their clients.

Listen, we think consumer demand for those sos products mostly res remains excellent.

They see the potential for modestly greater soba synergies down the road and third and perhaps most importantly, they say Julie Campbell's longer term margin potential might be bigger than the street expects.

Yes, they say that's thanks to what they call self help, efficiencies.

What that is self help, efficiencies.

You can kind of take out the self help.

It's efficiencies.

It's the company.

I like the self help, self help it, help them, them helping themselves by cutting costs is what it, what it seems to me that they're referring to here.

So that's what this has to do with it.

They're getting leaner and meaner at the same time that they have this potential growth engine in Reo's and the other uh sos products here.

And so that's why they think the margins are gonna beat what the street is looking for.

It's interesting.

This comes, um, after the folks over at JP Morgan led by Ken Goldman, met with the executive team at Campbell's and sounds like they were convinced by what they heard.

The Lipton Pantry V res.

Oh, is that right?

Well, you, you're a splurge on the, uh, on the side of splurging, you know.

Well, you live once, you know, life is too short.

She's gotta have that Julie, you know that.