CPB - Campbell Soup's Direct Store Delivery Evolution Likely Gives Snacks Margins A Lift Says Analyst | Benzinga
Piper Sandler analyst Michael Lavery reiterated a Neutral rating on the shares of Campbell Soup Company (NYSE: CPB) and raised the price target from $44 to $47.
In Snacks, CPB has consolidated mixing centers and depots for its two direct store delivery (DSD) networks (Pepperidge Farm and Snyder's-Lance), writes the analyst.
CPB is also updating technology to improve computer-assisted inventory monitoring and ordering, improving automation, notes the analyst.
CPB's Goldfish brand maintained its position as the top ...