These Analysts Boost Their Forecasts On Campbell's Following Better-Than-Expected Q4 Earnings

Core Insights - Campbell's Company CPB reported better-than-expected earnings for Q4, with sales growth of 1% year-over-year to $2.32 billion, slightly missing the analyst consensus estimate of $2.33 billion. Adjusted EPS was 62 cents, surpassing the consensus estimate of 56 cents [1][2]. Financial Performance - For the full year, Campbell expects sales between $10.035 billion and $10.240 billion, indicating a decline of 2% to flat growth. Adjusted EBIT is projected to fall by 9% to 13%, with adjusted EPS forecasted in the range of $2.40 to $2.55 [2]. Market Reaction - Following the earnings announcement, Campbell's shares fell by 2.5%, trading at $32.89 [2]. Analyst Ratings and Price Targets - Bernstein analyst Alexia Howard maintained an Outperform rating and raised the price target from $38 to $39 [5]. - TD Cowen analyst Robert Moskow maintained a Hold rating and increased the price target from $29 to $31 [5]. - B of A Securities analyst Peter Galbo maintained an Underperform rating and raised the price target from $29 to $30 [5].