Campbell’s price target lowered to $35 from $41 at Piper Sandler

Piper Sandler lowered the firm’s price target on Campbell’s (CPB) to $35 from $41 and keeps an Overweight rating on the shares. The firm is updating its estimates for 2026 headwinds, primarily tariffs, which could be a 30c-35c hit to EPS. M&B’s sustainable momentum is likely to continue in 2026, but Campbell’s also has tough comparable sales, Piper adds.