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Morgan Stanley sets equalweight rating and $40 target for Campbell Soup stock
Morgan Stanley has initiated coverage on Campbell Soup with an Equalweight rating and a $40 price target, citing the company's portfolio transformation and strong snacks segment as positive factors for long-term growth. However, challenges in the snacking categories and mixed financial results have led to cautious short-term outlooks from other analysts, with several revising their price targets downward. The stock, currently trading at $38.08, is near its 52-week low, presenting potential opportunities for value investors.
Barclays analyst Andrew Lazar maintained an Underweight rating on Campbell Soup (CPB) with a price target of $46.00, noting that the company's F2Q25 EPS slightly exceeded expectations despite a 2% decline in organic sales year-over-year. The revision of full-year 2025 sales and EPS forecasts reflects ongoing challenges, particularly in the Snacks segment, leading to expectations of a decline in share value at market open.
Outgoing CEO Mark Clouse Discusses Transition to NFL and Campbell's Progress
Outgoing Campbell’s CEO Mark Clouse is set to become president of the NFL’s Washington Commanders, expressing confidence in the company’s progress over the past six years. He highlighted the successful expansion into snacks and the acquisition of Sovos Brands, while noting mixed results in recent earnings. Mick Beekhuizen will take over as CEO in February 2025, as Clouse remains optimistic about Campbell’s ability to adapt to consumer trends.
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