In a report released yesterday, Matthew Smith, CFA from Stifel Nicolaus maintained a Hold rating on Campbell Soup, with a price target of $34.00.
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Matthew Smith, CFA’s rating is based on Campbell Soup’s recent financial performance and future outlook. The company reported a decline in 4Q25 EPS, although it exceeded both Stifel’s and consensus estimates, primarily due to a favorable tax rate. Despite this, organic sales fell by 3%, driven by a decrease in volume/mix, which overshadowed the positive impact of pricing.
Looking ahead, Campbell Soup’s FY26 guidance suggests a challenging environment with expected declines in organic sales and EPS, partly due to tariff impacts and increased marketing expenses. Although the company has raised its cost savings target, the anticipated decline in sales and profitability, along with the normalization of previous one-time benefits, supports the Hold rating. The target price remains at $34, reflecting a cautious outlook amidst these headwinds.
In another report released on August 28, Evercore ISI also maintained a Hold rating on the stock with a $36.00 price target.