Campbell’s price target lowered to $41 from $45 at BofA

BofA lowered the firm’s price target on Campbell’s (CPB) to $41 from $45 and keeps an Underperform rating on the shares. After the company’s earnings faced several issues in Q2, Campbell’s is likely to face broader questions regarding achievability of its long-term targets recently raised at its last investor day, the analyst tells investors. The firm lowered its FY25, FY26 and FY27 EPS estimates to $3.00, $3.10, and $3.30, respectively, to reflect a more subdued outlook.