Analyst Bryan Spillane of Bank of America Securities reiterated a Sell rating on Campbell Soup (CPB – Research Report), with a price target of $41.00.
Bryan Spillane has given his Sell rating due to a combination of factors impacting Campbell Soup’s performance. One of the primary concerns is the sluggish consumer demand observed in the first quarter, which has led to a cautious outlook for the upcoming fiscal year. The volatility surrounding tariffs and the potential changes in the labor market due to immigration policies further contribute to the uncertainty facing the company.
Additionally, the competitive landscape in the packaged food sector is intensifying, with a noticeable shift in consumer preferences towards protein-rich products. This trend poses a challenge for Campbell Soup, as it may struggle to align its product offerings with evolving consumer demands. These elements combined have led Bryan Spillane to conclude that the stock may underperform, warranting a Sell recommendation.
In another report released yesterday, Barclays also maintained a Sell rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPB in relation to earlier this year.