(Updated to include BofA's commentary)
BofA Securities lowered its price target on Campbell's (CPB) to $33 from $37 following the company's Q3 earnings report.
The brokerage reduced its 2025 estimates, reflecting softer trends in the Snacks segment - now expected to recover more slowly into fiscal 2026 - along with a roughly three-point shipment timing headwind in the Meals & Beverages segment in Q4 and a $0.04 per share impact from tariffs in the same quarter.
Campbell's has an average rating of hold and mean price target of $37.17, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 33.95, Change: -0.31, Percent Change: -0.89