TD Cowen holds Campbell Soup stock with $36 target

Published 22/05/2025, 15:20
TD Cowen holds Campbell Soup stock with $36 target

On Thursday, TD Cowen analysts maintained their Hold rating on Campbell Soup stock (NASDAQ:CPB), with a consistent price target of $36.00. Currently trading at $33.89, InvestingPro analysis suggests the stock is slightly undervalued. The analysts expressed concern over the company’s upcoming third-quarter call, anticipating that Campbell Soup will signal greater tariff headwinds compared to its peers in the food industry. They also adjusted their fiscal year 2026 earnings per share (EPS) projection to $2.86, which is below the consensus estimate of $3.05.

The analysts noted that Campbell Soup, along with other large food companies, may need to adjust their margin expectations in light of these challenges. The revision comes as the firm predicts Campbell Soup will experience more significant tariff-related obstacles than its competitors. This expectation is set against a backdrop of broader concerns regarding the company’s performance and industry conditions.

TD Cowen also revised their fiscal year 2025 sales forecast for Campbell Soup, bringing it closer to the lower end of the company’s own guidance. This adjustment reflects a modest shortfall in the third quarter and a slower recovery in the Snacks segment than initially anticipated. The analysts’ commentary suggests a cautious outlook on the company’s near-term revenue trajectory.

Campbell Soup’s upcoming third-quarter earnings call is expected to provide further insights into the company’s financial health and strategy for navigating the tariff headwinds. Investors will be looking to this call for confirmation of TD Cowen’s predictions and for any signs of how Campbell Soup plans to address the margin pressures highlighted by the analysts.

The analysts’ reiterated Hold rating and unchanged price target indicate a wait-and-see approach to Campbell Soup’s stock, reflecting uncertainties about the company’s ability to mitigate tariff impacts and improve sequential performance. With the next earnings report scheduled for June 4, 2025, and the stock trading at a P/E ratio of 19.38, investors will be watching closely for signs of improvement. For deeper insights into Campbell Soup’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which provides detailed analysis of this and 1,400+ other US stocks.

In other recent news, Campbell Soup Company (NYSE:CPB) has announced a quarterly dividend of $0.39 per share, scheduled for payment on August 4, 2025, to shareholders on record by July 3, 2025. This move underscores Campbell’s commitment to providing consistent returns to its investors. In earnings-related news, Citi analyst Thomas Palmer has revised Campbell Soup’s price target downward to $33.00, maintaining a Sell rating. Palmer anticipates a slight earnings per share (EPS) beat for the upcoming fiscal third-quarter results in 2025, attributed to increased consumption of soups and broths, despite challenges such as increased costs due to tariffs and declining trends for Rao’s products.

Additionally, UBS has initiated coverage on Campbell Soup with a Sell rating and a $36.00 price target, citing challenges in top-line growth and market share losses over the next 12-18 months. On the leadership front, Campbell’s has made strategic changes, appointing Elizabeth Duggan as President of the Snacks division and Janda Lukin as Chief Growth Officer, aiming to enhance growth and competitiveness. The company also appointed Aaron Gwinner as the new Senior Vice President and Chief Digital & Technology Officer, tasked with driving digital transformation. These leadership changes are part of Campbell’s broader strategy to strengthen its market position and continue its growth momentum.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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