Campbell Soup (CPB) PT Raised to $47 at Wells Fargo

Campbell Soup (CPB) PT Raised to $49 at DA Davidson

June 10, 2024 4:05 AM EDT

DA Davidson analyst Brian Holland raised the price target on Campbell Soup (NYSE: CPB) to $49.00 (from $47.00) while maintaining a Buy rating.

The analyst comments "We remain BUY rated on the basis of risk-reward, with no growth Food trading at ten year lows offering... More

RBC Capital Reiterates Sector Perform Rating on Campbell Soup (CPB)

June 7, 2024 6:18 AM EDT

RBC Capital analyst Nik Modi reiterated a Sector Perform rating and $47.00 price target on Campbell Soup (NYSE: CPB).

The analyst comments "While data points on the newly acquired Sovos Brands were encouraging, CPB's Snacks business was soft in F3Q due to slowing category... More

Campbell Soup leans on eat-at-home demand to lift annual sales forecast

June 5, 2024 7:23 AM EDT

By Juveria Tabassum

(Reuters) -Campbell Soup on Wednesday beat quarterly estimates and raised its forecast for annual net sales growth, banking on a recovery in demand for its soups and frozen meals and a boost from its purchase of Rao's sauce maker Sovos Brands.

After several quarters of declines, Campbell's volumes showed sequential improvement this year helped by softer price hikes as well as recovery in consumer spending as inflationary pressures cool.

Both volumes and... More

Campbell Soup (CPB) Tops Q3 EPS by 4c, Offers Guidance

June 5, 2024 7:17 AM EDT

Campbell Soup (NYSE: CPB) reported Q3 EPS of $0.75, $0.04 better than the analyst estimate of $0.71. Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.33 billion.

GUIDANCE:

Campbell Soup sees FY2024 EPS of $3.07-$3.10, versus the consensus of $3.03.

The company is updating its fiscal 2024 full-year guidance previously provided on March 6, 2024, to reflect the expected performance of the base... More