Campbell (CPB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Campbell (CPB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Piper Sandler analyst Michael S. Lavery upgraded Campbell Soup Company CPB to Overweight from Neutral, raising the price forecast from $47 to $56.
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".
Piper Sandler upgraded Campbell to Overweight from Neutral with a price target of $56, up from $47.
CPB announces the sale of the noosa yogurt brand to focus on core brands, aiding growth in fiscal 2025.
The dividend prospects of a US firm, a UK firm, and a Canadian company.
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Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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.
CPB has shown resilience through its strategic execution and focus on innovation while facing challenges related to a volatile consumer environment.