Campbell’s price target lowered to $29 from $33 at BofA

BofA lowered the firm’s price target on Campbell’s (CPB) to $29 from $33 and keeps an Underperform rating on the shares. Campbell’s will be providing an initial FY26 outlook in early September, notes the analyst, who is lowering the firm’s FY26 EPS estimate to $2.35 from $2.65 to reflect updated inflation assumptions.