CFRA Has A Hold Rating On Campbell Soup (CPB)

<p>Campbell Soup (CPB) reported earnings. Gross margins were down 290 basis points, which was significantly more than the 100 basis point reduction they expected, says Arun Sundaram of CFRA Research. He thinks there is opportunity for margin expansion in FY22. CFRA has a hold rating on Campbell Soup and raised their price target to $47 from $46. </p>