Stephens lowered the firm’s price target on Campbell’s (CPB) to $38 from $40 and keeps an Overweight rating on the shares ahead of the company reporting its fiscal Q1 results on Tuesday, December 9. Overall snacks consumption remains soft, creating a narrative overhang for shares, says the analyst, who believes investors will need a clearer line-of-sight to improving consumption trends for the stock to find “a catalyst path.”
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