Wall Street Analysts Raise Campbell Soup’s Target Price Amid Activist Pressure

The big wild card is whether Dan Loeb’s Third Point, which is urging Campbell to sell itself, gets its way.

Luke Sharrett/Bloomberg)

Luke Sharrett/Bloomberg)

Wall Street’s sell-side thinks Dan Loeb’s activist campaign against Campbell Soup Co. and the company’s plan to sell several of its assets is Mm Mm good for its stock price.

Analysts from at least two banks, UBS Group and Credit Suisse Group, in the past two days lifted their price targets even as they don’t recommend the stock.

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