On June 3, analysts at TD Cowen reiterated a Hold rating and a $36 price target on Campbell Soup (NASDAQ:CPB). The analysts reiterated the Hold rating on the company delivering third-quarter earnings per share, which beat consensus estimates. Nevertheless, the company adjusted its full-year fiscal 2025 earnings to the lower end of the previous guidance.
An assembly line of automated machines packing a variety of plant-based foods and beverages.
Even though Campbell Soup’s earnings were good, the company has lowered its profit forecast for 2025 to the lowest part of its earlier estimate. The company lowered its full-year guidance in response to a 2% sales pull-forward, expected to impact its results in the fourth quarter. In addition, TD Cowen analysts have raised concerns over challenges the company faces in its Snacks business and slowing sales in Rao’s brand. Management expects reduced profitability for the whole year due to the headwinds.
The Hold rating also considers the headwinds due to tariff changes that Campbell Soup will likely face. Consequently, the research firm remains cautious about the company’s future performance amid the challenges.
Campbell Soup Company is a food and beverage company known for its iconic soup brand. It also offers various products like meals, snacks, and beverages.
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