BofA analyst Peter Galbo lowered the firm’s price target on Campbell’s (CPB) to $33 from $37 and keeps an Underperform rating on the shares. Post the company’s Q3 beat, the firm lowers its FY25 estimates to reflect softer trends in Snacks, which it anticipates having an elongated recovery into FY26, the analyst tells investors. Acknowledging that the tariff environment remains volatile, the firm lowers its FY25 adjusted EPS estimate to $2.91 from $2.98 and also lowers its FY26 adjusted EPS estimate to $2.65 from $3.00.
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