Wells Fargo lowered the firm’s price target on Campbell’s (CPB) to $40 from $43 and keeps an Equal Weight rating on the shares. The firm says the company is confronting slowing snacks which, along with some operational dynamics in Q2, is also impacting margins. These are some challenges confronted by others too, but Wells is also mindful guidance/estimates imply improvement into the second half of 2025/2026.
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