Campbell Soup Stocks Dip by 1.3%
The stock prices for Campbell Soup have experienced a 1.3% dip in premarket trading. This happened because the analysts at RBC reportedly downgraded the stock status of the soup company.
The reports have confirmed that the share prices for Campbell Soup have been downgraded by the RBC analysts to “sector perform”. Initially, the analysts at RBC had upgraded the stock status for Campbell Soup to “outperform”.
However, they have now gone ahead and downgraded the stock status of the soup company due to its performance in recent quarters. The analysts have remarked that they are very concerned about the inflation rates that may end up hitting and affecting the sales of Campbell Soup.
Altria Group Stocks Dip by 2.9%
The stock prices for Altria Group have experienced a 2.9% dip in the premarket action. The share prices for the cigarette and tobacco giant experienced a dip after the analysts at RBC downgraded its stock status.
The analysts at RBC have downgraded the stock status for Altria Group from “outperform” to “sector perform”. Altria Group is the parent company of Philip Morris. According to the RBC analysts, the company is not showing much potential in terms of growth in the upcoming years.
It no longer has much room to demonstrate upward growth and the situation may not recover for Altria Group in near future.
Duckhorn Portfolio Stocks Shoot Up 8.1%
In the premarket trading action, the share prices for Duckhorn Portfolio have experienced a considerable surge. The share prices for Duckhorn Portfolio experienced a surge after the analysts at RBC upgraded its stock status.
In the past, the RBC analysts had set the stock status for the winemaker to “sector perform”. However, they have proceeded with upgrading its stock status to “outperform”.
The analysts have remarked that despite the high inflation rates, Duckhorn Portfolio won’t be impacted much by that. Therefore, they have upgraded the status of its stock and are going to monitor it in near future. Following the change, the stock prices for Duckhorn Portfolio shot up by 8.1%.