Campbell's Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Report - Campbell's Company is set to release its first-quarter earnings results on December 9, with analysts expecting earnings of 73 cents per share, a decrease from 89 cents per share in the same period last year [1] - The consensus estimate for Campbell's quarterly revenue is $2.66 billion, down from $2.77 billion reported last year [1] Management Changes - The company announced that Martin Bally, Vice President of Information Technology, is no longer employed following a lawsuit that revealed an alleged audio recording of him making disparaging and racist comments [2] - Following this news, Campbell's shares rose by 1.5%, closing at $30.04 [2] Analyst Ratings - Morgan Stanley maintained an Equal-Weight rating and reduced the price target from $33 to $30 [4] - Wells Fargo kept an Equal-Weight rating but increased the price target from $32 to $34 [4] - TD Cowen maintained a Hold rating and raised the price target from $29 to $31 [4] - Piper Sandler downgraded the stock from Overweight to Neutral and cut the price target from $35 to $34 [4] - JP Morgan maintained a Neutral rating and lowered the price target from $37 to $34 [4]