Campbell Soup Rao's Brand Growth Strong And US Sales Trend Improving, Analyst Upgrades Stock
Piper Sandler analyst Michael S. Lavery upgraded Campbell Soup Company CPB to Overweight from Neutral, raising the price forecast from $47 to $56.
Campbell upgraded to Overweight at Piper Sandler on improving volumes, valuation
Piper Sandler upgraded Campbell to Overweight from Neutral with a price target of $56, up from $47. The firm is citing better long-term growth expectations with the company's Rao's brand, as well as its improving U.S. retail sales and volume trends, the analyst tells investors in a research note. The stock's 15% pull-back since mid-September also presents a good buying opportunity as Piper views Campbell as "one of the better-positioned large-cap food names".
Campbell upgraded to Overweight from Neutral at Piper Sandler
Piper Sandler upgraded Campbell to Overweight from Neutral with a price target of $56, up from $47.
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Hold The Soup: Campbell's Steady Growth Is Fairly Valued
Campbell's is shifting focus from soups to premium brands, forming a new business unit to drive growth in this segment. Despite economic uncertainties, Campbell's maintains consistent performance, with a strong portfolio of brands. The company's balance sheet is stretched due to recent acquisitions, but free cash flow covers dividends.
Campbell Soup's Strategies Stir Up Growth Amid Market Challenges
CPB has shown resilience through its strategic execution and focus on innovation while facing challenges related to a volatile consumer environment.
Is Campbell Soup Stock a Buy or Hold at a P/E Multiple of 14.7X?
CPB's focus on innovation, portfolio reshaping and maintaining affordability positions it well for growth. Yet, cost inflation and Snacks unit hurdles remain.
Campbell Soup: Hard To Believe Long-Term Growth Targets Can Be Achieved
I recommend a neutral rating for Campbell Soup Company due to skepticism about its ability to achieve long-term growth targets amid tough macro conditions. CPB's 2Q24 earnings missed consensus estimates in sales, gross profit, and EBIT, but net income beat estimates due to lower interest expenses and a better tax rate. Management's long-term growth targets for Meals & Beverages and Snacks seem overly optimistic given historical performance and intensifying competition in the industry.
Campbell Soup's New Vision: What's Next After Investor Day?
CPB unveils a new growth strategy during Investor Day, focusing on accelerating growth and setting industry standards.
