DA Davidson lowered the firm’s price target on Campbell’s (CPB) to $34 from $39 and keeps a Neutral rating on the shares following the company’s “lower quality” earnings beat. Snacks remain a pressure point on the portfolio with no imminent fix apparent, the Rao’s brand sales growth is slowing, costs are rising, and tariffs have not yet begun to flow through the P&L, the analyst tells investors in a research note.
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Read More on CPB:
- Campbell’s price target lowered to $38 from $44 at RBC Capital
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