From Financial Modeling Prep: 2024-12-02 12:05:00

RBC Capital analysts maintained a Sector Perform rating and $51 price target on Campbell Soup, citing skepticism towards the company’s optimistic outlook on market trends and category performance. They anticipated fiscal Q1 results to meet expectations but expressed concerns over potential downward guidance revisions later in the year.

Campbell’s Meals & Beverages segment showed promise with value-seeking trends, while the Snacks segment faced challenges. Sovos Brands’ performance strength offered upside potential. However, analysts remained cautious due to heightened competition and limited visibility affecting the packaged food sector, including Campbell Soup.

Despite positive trends in certain segments, analysts expressed caution over Campbell Soup’s outlook, highlighting challenges in the broader packaged food sector. They emphasized the need for careful monitoring of market conditions and potential impacts on the company’s performance in the future.



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