Campbell's Faces Slower Growth: Analyst Cuts Price Forecast As Consumer Sentiment Could Weaken Further

RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating on Campbell’s Co CPB, lowering the price forecast to $44 from $51.Yesterday, the company reported second-quarter sales growth of 9% to $2.685 billion, missing the analyst consensus estimate of $2.74 billion.For FY25, Campbell sees net sales growth of 6% to 8% (prior view: 9% to 11%). Adjusted EBIT growth of 3% to 5% (previous view: 9% to 11%).Modi suggests that while Campbell’s challenging results and full-year guidance cut were antic ...