Campbell's (CPB) is expected to see "mixed" sentiment ahead of its fiscal Q1 earnings, which is not due to a change in the challenged fundamentals of the company but due to a view that the risk-reward profile has become more balanced, UBS said in a Thursday note.
The brokerage lifted its fiscal Q1 earnings per share estimate to $0.75 from $0.74 previously, and projected organic sales to be down 2.6%, which is 16 basis points below Visible Alpha consensus.
UBS estimated a fiscal 2026 EPS of $2.44, down from $2.48 previously, compared with Visible Alpha consensus of $2.45, and further modeled an organic sales decline of 0.8%, which is 8 basis points below consensus.
UBS lowered its price target on Campbell's to $28 from $30 and maintained its sell rating.
Campbell's is scheduled to report its fiscal Q1 results on Tuesday.
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