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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPB:
- “Highest Levels Since 2020”: Home Cooking Renaissance, Snack Collapse Proves Drag on Campbell Soup Stock (NASDAQ:CPB)
- Morning Movers: Trump to bump steel tariffs, pharma companies announce deals
- Campbell’s sees increase in core inflation in 2H vs. last year
- Campbell’s: Trade environment remains ‘uncertain’
- Campbell’s says started to see consumer sentiment softening in January
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue