Morgan Stanley Sees Continued Challenges for Campbell Soup Despite Strong 2Q Results

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $38.00 price target on Campbell Soup (NYSE: CPB ). In the report, Morgan Stanley noted, “Despite stronger than expected 2Q results, a 1% YTD org sales decline suggests unresolved structural challenges in CPB's core business.