Campbell’s price target lowered to $46 from $47 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the firm’s price target on Campbell’s (CPB) to $46 from $47 and keeps a Hold rating on the shares. Looking to 2025, the firm sees continued challenges ahead for most consumer packaged goods companies. The analyst maintains a net-constructive view on household personal care and cosmetics, is becoming more positive on bon-alcoholic beverage names, and taking a more cautious position on food.