Campbell’s price target lowered to $24 from $26 at UBS

UBS lowered the firm’s price target on Campbell’s (CPB) to $24 from $26 and keeps a Sell rating on the shares. CPB is set to report Q2 results on March 11, with estimates modestly reduced below Street expectations, reflecting weaker snack trends and cautious sentiment around top-line growth, the analyst tells investors in a research note. Despite stronger Meals & Beverages performance, persistent snack softness, competitive pressures, and recent share underperformance leave risk/reward skewed to the downside heading into the print, UBS says.