tiprankstipranks
Campbell’s price target lowered to $41 from $44 at Citi
The Fly

Campbell’s price target lowered to $41 from $44 at Citi

Citi analyst Thomas Palmer lowered the firm’s price target on Campbell’s (CPB) to $41 from $44 and keeps a Sell rating on the shares. The stock were dropped following Campbell’s announced CEO departure, a Q1 miss, and a Q2 earnings outlook that was below the consensus estimate, the analyst tells investors in a research note. The firm says the company’s’ fiscal 2025 earnings outlook is increasingly second half-weighted, and competitive pressures seem to be worse than previously anticipated. It sees risk to Campbell’s outlook and notes the shares still trade at a premium to several peers.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App