TD Cowen analyst Robert Moskow lowered the firm’s price target on Campbell’s (CPB) to $24 from $29 and keeps a Hold rating on the shares. The firm noted Campbell’s missed 2Q and lowered FY26 due to slower-than-expected recovery in Snacks. Their comments about tightening capital spending, suspending share repurchase, and freezing the dividend increased their concerns about the rising cost to compete.
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