Campbell's Co falls after JPM cuts PT

Shares of packaged food company Campbell's Co CPB.O fall 2% to $31.51

Brokerage JP Morgan cut PT to $34 from $37; maintains "neutral" rating

CPB shares could outperform peers over the next year if the snacking category improves; however, right now don't see sufficient evidence that this is taking place - JPM

Don't see a lot of downside to the stock given the valuation, but upside may be constrained, too, till growth in snacks improves - brokerage

CPB has fallen 23.2% YTD, as of last close