Campbell’s price target lowered to $30 from $34 at Stifel

Stifel analyst Matthew Smith lowered the firm’s price target on Campbell’s (CPB) to $30 from $34 and keeps a Hold rating on the shares. Campbell reported “a solid first quarter,” but the firm is modestly lowering its FY26 estimates to incorporate lower profit in the second quarter due to timing benefits from the first quarter unwinding and a heavier level of investment, the analyst tells investors.