(Updates with the analyst's commentary.)
RBC cut the price target on Campbell's (CPB) to $21 from $23 while maintaining its sector perform rating.
The company's fiscal Q3 2026 earnings show a "challenging" operating environment, the brokerage said in its note.
Management maintained fiscal full-year 2026 outlook but "pointed toward" a fiscal 2026 EPS approximately $2.20 or below and net sales at the lower end of its range, RBC said.
The brokerage said it sees "incremental pressure" in fiscal full-year 2027, citing its expectation for consumer demand to remain challenging and for the Middle East conflict to "drag on longer".
Campbell's has an average rating of hold and mean price target of $19.47, according to analysts polled by FactSet.
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Price: $22.00, Change: $+0.51, Percent Change: +2.39%