Citi lowered the firm’s price target on Campbell’s (CPB) to $32 from $33 and keeps a Sell rating on the shares. Following a 7c EPS beat but more cautious commentary on Q4, even before considering tariff headwinds, the firm came away from its management follow-up call with a better understanding of the incremental headwinds Campbell’s is facing, the analyst tells investors. To reflect slightly higher inflation and tariffs, the firm’s FY25 EPS estimate goes to $2.92 from $2.95 and its FY26 EPS forecast falls to $2.85 from $2.89, the analyst noted.
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