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Investing.com - Bernstein SocGen Group raised its price target on Campbell Soup (NASDAQ:CPB) to $39.00 from $38.00 on Thursday, while maintaining an Outperform rating on the stock. According to InvestingPro analysis, the stock appears undervalued, trading significantly below its Fair Value despite a 4.71% dividend yield and 55 consecutive years of dividend payments.
The research firm cited Campbell’s fourth-quarter 2025 results, which exceeded margin expectations, and noted that the company’s fiscal year 2026 guidance was "not as bad as feared." The company generated $10.25 billion in revenue and $1.89 billion in EBITDA over the last twelve months, though its stock has declined 31% year-to-date.
Bernstein SocGen expressed confidence in Campbell’s strategy, stating the company "seems to be doing the right things to get the portfolio moving again" through investments in brand support and innovation funded by productivity improvements.
Campbell has increased its expected productivity savings target for fiscal year 2028 by 50%, from $250 million to $375 million, according to the research note.
While snack category dynamics remain sluggish, the company’s management expects this portfolio to stabilize by the second half of fiscal year 2026, with Bernstein SocGen highlighting the "encouraging" recent success of premium products like Milano cookies.
In other recent news, Campbell Soup reported its fourth-quarter earnings for 2025, surpassing earnings per share (EPS) expectations. The company posted an EPS of $0.62, exceeding the anticipated $0.56, marking a 10.71% surprise. However, Campbell’s revenue slightly missed forecasts, coming in at $2.32 billion compared to the expected $2.33 billion. Additionally, Piper Sandler has maintained its Neutral rating on Campbell Soup with a price target of $34.00. The research firm highlighted Campbell’s strategies to mitigate approximately 60% of expected tariff headwinds for fiscal year 2026. This tariff mitigation effort was not previously included in prior calculations. These developments reflect ongoing efforts by Campbell Soup to navigate financial challenges while meeting investor expectations.
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