Goldman Sachs bumps its price target and reiterates its Conviction Buy rating on Campbell's Soup...

|About: Campbell Soup Company (CPB)|By:, SA News Editor

Goldman Sachs bumps its price target and reiterates its Conviction Buy rating on Campbell's Soup (CPB +0.4%) following mixed FQ1 results. Goldman says it is encouraged that CPB posted its second straight quarter of soup sales growth after two-plus years of declines, thinks reported trends will continue to firm up and views management's Q2 guidance as "overly conservative."