Notable Analyst Actions: Campbell Soup Company (NYSE:CPB), Mead Johnson Nutrition Co. (NYSE:MJN), Michael Kors Holdings Ltd. (NYSE:KORS)

Campbell Soup Company (NYSE:CPB) is lower following a rating downgrade to sell from neutral at Goldman Sachs. This rating cut comes with a reduction in price target to $39 from $41 per share. Over the past year, this packaged foods maker is down 2% and currently is trading in the middle of its 52-week price range of $38.30 – $48.08 per share.

Mead Johnson Nutrition Co. (NYSE:MJN) edged higher in Tuesday’s morning session to reach a new lifetime high of $94.52 after Goldman Sachs analysts upgraded the maker of infant formulas to buy from neutral and raised their price target on the stock to $107 from $91 a share. The new price target represents a potential upside of 15% from the stock’s current trading price.

After rising to a new lifetime high, MJN shares recently traded at $93.03, up 0.2%. The stock has a new 52-week range of $70.54 to $94.52. Over the past 52 weeks, the stock has gained more than 26%, outperforming the S&P 500, which posted a 17.95% gain over the same period.

Michael Kors Holdings Ltd. (NYSE:KORS) shares fell Tuesday, adding to Monday’s 3.5% decline as Barclays, Citigroup and Sterne Agee all lowered their price targets on the accessories-and-apparel designer’s stock. KORS was down 5.8% at $80.70 recently, in a 52-week range of $60.08 to $101.04 Barclays, which has an underweight rating on the stock, lowered its price target to $82 from $85.

Sterne Agee cuts its price target to $92 from $100, with a neutral rating. Citigroup lowered its target to $98 from $107. The analyst actions come on the heels of a cautionary Heart on the Street article in Monday’s Wall Street Journal concerning Michael Kors’s business model.

According to the report, KORS would be well advised to avoid the “pitfalls” that have befallen its rival Coach (COH), namely oversaturation, KORS plans to open another 400 stores in North America, up from 288 at the end of its fiscal Q4 March 29. By comparison, COH will be left with 250 full-price stores and 200 outlet stores after announcing recent closures.

While the stock of COH was moving almost inversely to KORS from July 2013 to June 2014, both have started to move lower over the past month, with KORS down 15% from its record high in February.