Campbell’s price target lowered to $35 from $40 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Campbell’s (CPB) to $35 from $40 and keeps an Equal Weight rating on the shares. The firm expects organic sales growth to remain muted given persistent snacks category challenges while it believes protecting EPS in FY26 will be challenging should tariffs remain in place, the analyst tells investors in a post-earnings note.