Bernstein raised the firm’s price target on Campbell’s (CPB) to $39 from $38 and keeps an Outperform rating on the shares. The firm says Campbell’s seems to be doing the right things to get the portfolio moving again – investing in brand support and innovation and fueling these investments with stepped up productivity improvements. While snack category dynamics remain sluggish, management expects this portfolio to stabilize by the second half of 2026, Bernstein says, adding that it’s encouraging to see the recent success of more premium products like Milano cookies.
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