Page 35 - Michael Angelo News Today

Sovos Brands (NASDAQ:SOVO – Get Free Report)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Monday, Benzinga reports. A number of other equities research analysts have also weighed in on SOVO. Loop Capital raised their price objective on Sovos Brands from $20.00 […]

Iconic canned soup company Campbell is expanding its reach in the Italian food market. Campbell (CPB) announced Monday that it would acquire Sovos Brands,…

Over the past 100 years, Rao's has gone from a Harlem neighborhood staple to its sauces being sold at grocers across the U.S. Campbell Soup announced on…

4:13pm: Benchmarks end losing streaks The Dow closed Monday up 408 points, 1.2%, at 35,473, the Nasdaq Composite added 85 points, 0.6%, to 13,994 and the...

Campbell acquires Sovos Brands to expand its portfolio of premium brands, anchored by Rao's and noosa.

Campbell Soup CEO Mark Clouse discussed his company’s acquisition of Rao’s sauce maker, Sovos Brands, with CNBC’s Jim Cramer on Monday.

Louisville-based Sovos, which moved to Colorado from California several years ago and controls Rao’s pasta sauce, Noosa Yoghurt and Michael Angelo’s frozen entrées, was valued at a bit more than $1 billion when it launched its initial public offering in 2021.

"We're thrilled to add the most compelling growth story in the food industry and welcome the talented employees who have built a nearly $1 billion portfolio," Campbell's president said.

Campbell Soup CEO Mark Clouse discussed his company's acquisition of Rao's sauce maker, Sovos Brands, with CNBC's Jim Cramer on Monday.

By Eva Rothenberg, CNN