Jefferies analyst Robert Dickerson reiterated a Hold rating on Campbell Soup (CPB – Research Report) today and set a price target of $40.00.
Robert Dickerson has given his Hold rating due to a combination of factors affecting Campbell Soup’s performance. The company has faced challenges in both its Meals & Beverages and Snacks segments, with both missing growth expectations. The management has also revised its sales and earnings guidance downwards, indicating potential struggles ahead.
Additionally, the Snacks segment has experienced significant setbacks, with operating profit and margins falling short of expectations. The company’s pretzel and cracker brands have seen declining sales and market share, further complicating the growth outlook. Despite some positive momentum in meal-related categories, the overall pressure on Campbell Soup’s largest business areas suggests that achieving long-term growth targets may be difficult. Given these challenges and the current valuation, the Hold rating reflects a cautious stance on the stock’s potential performance.
In another report released today, Stifel Nicolaus also reiterated a Hold rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPB in relation to earlier this year.
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