RBC Capital lowered its price target on The Campbell's Company to $21 from $23 while reiterating a Sector Perform rating, citing a difficult operating environment from both a demand and cost standpoint. The analyst noted that Campbell's maintained its full-year guidance but pointed to the lower end of the range, and management indicated that fiscal 2027 could see elevated inflation throughout the year if the Middle East conflict continues. Separately, BofA reduced its price target on the stock to $18 from $20 with an Underperform rating and cut its fiscal 2027 adjusted EPS forecast to $1.77 from $1.95, reflecting a more challenging cost environment.
Campbell’s CoRBC Capital lowered price target to $21 and BofA lowered to $18, both citing demand and inflation risks.