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Investing.com - TD Cowen raised its price target on Campbell Soup (NASDAQ:CPB) to $31.00 from $29.00 on Thursday, while maintaining a Hold rating on the stock. The company, which has seen its shares decline over 31% year-to-date, maintains a robust 4.71% dividend yield and has consistently paid dividends for 55 consecutive years. According to InvestingPro analysis, the stock appears undervalued at current levels.
The price target adjustment follows Campbell’s fourth-quarter results and fiscal year 2026 earnings guidance, which TD Cowen described as "less negative than feared."
The firm attributed the better-than-expected outlook to Campbell’s acceleration of cost savings initiatives and near-term tariff mitigation strategies.
Despite the price target increase, TD Cowen maintained its Hold rating, citing ongoing concerns about continued volume pressure in the company’s Snacks segment and lack of pricing power across its Meals business.
The research firm has positioned its fiscal year 2026 earnings per share estimate at the low end of Campbell’s projected range, which represents a decline of 14% to 19% compared to the previous year.
In other recent news, Campbell Soup reported its fourth-quarter earnings for 2025, showcasing a stronger-than-expected performance in earnings per share (EPS). The company achieved an EPS of $0.62, exceeding the anticipated $0.56, which represents a 10.71% surprise. However, Campbell Soup’s revenue slightly missed forecasts, coming in at $2.32 billion compared to the expected $2.33 billion. Bernstein SocGen raised its price target for Campbell Soup to $39 from $38, maintaining an Outperform rating. This adjustment follows the company’s fourth-quarter results, which exceeded margin expectations and offered fiscal year 2026 guidance that was better than anticipated. Piper Sandler has reiterated its Neutral rating with a $34 price target, highlighting Campbell’s efforts to mitigate tariff impacts. The company has identified strategies to offset approximately 60% of its expected tariff headwinds in fiscal year 2026. These developments reflect ongoing investor interest and confidence in Campbell Soup’s strategic initiatives.
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