FINWIRES · TerminalLIVE
FINWIRES

$CPB

27 stories mentioning CPB

Every FINWIRES story that references CPB, newest first.

J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says
US Markets

J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says

J.M. Smucker's (SJM) cost inflation outlook was "relatively benign" despite headwinds from the ongoing Middle East conflict, with the food producer confident of managing the pressure, Morgan Stanley said in note e-mailed Wednesday.On Tuesday, J.M. Smucker Chief Financial Officer Tucker Marshall said the Jif peanut butter maker expected cost inflation of low-single-digits for the year, excluding green coffee and tariffs.Morgan Stanley said it was "somewhat surprised by the relatively benign" cost outlook following the US-Israel war with Iran, compared with Campbell's (CPB) projection for a mid-single-digit percentage increase.The Iran war started at the end of February, disrupting energy shipments through the crucial Strait of Hormuz and leading to broad-based inflation concerns."While (the cost inflation outlook) could ultimately end up higher depending on the duration of the conflict, (J.M. Smucker's) management sounded confident in its ability to manage through the pressure," Morgan Stanley said in a note to clients. "We do not view it as a major issue given flexibility/conservatism elsewhere in the guide."The brokerage raised its price target on the J.M. Smucker stock to $110 from $106 while maintaining its equal-weight rating.The company's shares were up 3.4% in Wednesday afternoon trade, bringing its year-to-date gains to 19%."(J.M. Smucker) also framed the outlook as prudent several times, which appears particularly true on the topline, with (2027) sales guided down 3% to 4%, including (first-quarter roughly) flat, implying a steep deceleration post-(first quarter) as lower coffee prices flow through with very limited volume elasticity assumed," Morgan Stanley said.J.M. Smucker's margin visibility seems solid, mainly driven by the coffee segment, which is expected to benefit from the mechanical lap of tariffs and lower green coffee costs, despite headwinds related to lower prices and volume reduction, the brokerage said. Potential tariff refunds could also be another source of possible upside for the Folgers and Cafe Bustelo coffee brands owner, according to the note.Morgan Stanley raised its fiscal 2027 earnings estimate for J.M. Smucker to reflect its robust fourth-quarter results and lower-than-expected cost pressure.Price: $116.02, Change: $+3.63, Percent Change: +3.23%

$CPB$SJM
Campbell's Snacks Business Turnaround to Take Time Amid Demand Headwinds, RBC Says
US Markets

Campbell's Snacks Business Turnaround to Take Time Amid Demand Headwinds, RBC Says

Campbell's (CPB) is unlikely to see a quick turnaround in its snacks business, with demand headwinds expected to persist well into next year, RBC Capital Markets said Tuesday.On Monday, the packaged food company reiterated its full-year outlook after reporting mixed fiscal third-quarter results. Revenue in the company's meals and beverages and snacks segments decreased 4% each.Campbell's is seeing "early signs of progress" in the snacks business and is taking additional steps to strengthen its salty snacks portfolio, Chief Executive Mick Beekhuizen said at the time."Although they are encouraged by some bright spots, it is evident that a recovery in the snacks business will not happen overnight," RBC's co-head of global consumer and retail research, Nik Modi, said in a note to clients Tuesday. "We think demand challenges will likely persist well into next year."The brokerage lowered its price target on the Campbell's stock to $21 from $23 while maintaining its sector perform rating.The company's shares were up 1.4% in Tuesday afternoon trade. The stock has slumped nearly 22% so far this year.Campbell's management acknowledged that the simplification process will take time, with continued pressure in the short term, according to RBC. There was no clear timeline provided for stabilization, while the company's stock keeping unit rationalization may generate near-term revenue challenges, according to the note.For the full year, the company continues to project adjusted earnings at $2.15 to $2.25 a share, while organic sales are seen falling by 1% to 2%.The outlook now reflects the "initial impacts" from the Middle East conflict, especially higher logistics costs, Chief Financial Officer Todd Cunfer said on an earnings conference call Monday, according to a FactSet transcript. The company expects these expenses to be offset by a tariff refund benefit in the ongoing three-month period, according to Cunfer.RBC lowered its full-year EPS outlook to $2.17 from $2.20 while maintaining its expectations for organic net sales to drop 2.2%, according to the note.Campbell's is facing an operating environment that continues to be "challenging" from both a demand and cost perspective, Modi said. "Full-year guidance was maintained, though management pointed toward the lower end and indicated that (2027) could face elevated inflation throughout the year should the Middle East conflict continue."Price: $21.88, Change: $+0.39, Percent Change: +1.79%

$CPB
Wire

Campbell's Could See Challenging Fiscal 2027 Amid Inflation, Pricing Pressures, UBS Says

Campbell's (CPB) could see a challenging fiscal 2027 due to pressures related to inflation, pricing, and continued marketing investments, among others, UBS Securities said in a Monday note.Campbell's has also flagged headwinds from incentive compensation resent and a higher share count, UBS noted.The company reported fiscal Q3 adjusted earnings of $0.50 per diluted share, down from $0.73 a year earlier, as net sales declined to $2.37 billion from $2.48 billion. And there are but "little signs that a return to EPS growth is on the horizon" for the company, UBS said.For fiscal 2026, Campbell's reiterated its adjusted EPS outlook of $2.15 to $2.25 and a 1% to 2% decline in organic sales. The top-line outlook appears "somewhat aspirational" and top-line growth in fiscal 2027 seems "unlikely," the brokerage said.UBS cut its price target on Campbell's to $17 from $19, with a sell rating.Price: $21.93, Change: $+0.44, Percent Change: +2.05%

$CPB
Wire

Update: RBC Trims Price Target on Campbell's to $21 From $23, Keeps Sector Perform Rating

(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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $22.00, Change: $+0.51, Percent Change: +2.39%

$CPB
Wire

Campbell's Demand, Cost Pressures Likely to Persist, RBC Says

Campbell's (CPB) could face continued pressure from weak snack demand, higher costs, inflation risks and a slow recovery in key products, though cooking sauce, broth consumption, cost cuts and pricing actions may offer some support, RBC Capital Markets said in a note Tuesday.RBC expects demand challenges to continue into next year, especially in snacks, where improvement is likely to take time, according to the note.The investment firm said Campbell's kept its full-year outlook but pointed investors toward the lower end, with adjusted EPS now likely around $2.20 or below. RBC said inflation could stay high in fiscal 2027 if the Middle East conflict continues and oil remains near $100 a barrel.Rao's remains a strong growth driver, helped by higher sauce demand and low household penetration, which leaves room for more gains, RBC added.RBC kept its sector perform rating and lowered its price target for Campbell's to $21 from $23.Price: $21.90, Change: $+0.41, Percent Change: +1.91%

$CPB
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%.In corporate news, Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 1%.Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Its shares declined 1.2%.Ingredion (INGR) has launched an all-cash tender offer to buy Tate & Lyle, valuing the specialty ingredients company at about 3.7 billion British pounds ($5 billion). Ingredion shares were up 0.2%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Uber shares fell 0.6%.

$CPB$INGR$UBER$WMT
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.6%.In corporate news, Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Shares were down 0.8%.Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 0.6%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Shares fell 0.5%.

$CPB$UBER$WMT
Wire

Piper Sandler Trims Campbell's Price Target to $21 From $22, Maintains Neutral Rating

Campbell's (CPB) has an average rating of hold and mean price target of $20.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $21.64, Change: $-0.04, Percent Change: -0.21%

$CPB
Sectors

Sector Update: Consumer

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, Campbell's (CPB) reiterated its full-year outlook as it reported fiscal Q3 earnings above market estimates, but sales fell short of expectations. Shares were down 0.8%.

$CPB
Wire

Top Midday Stories: US Weighs Financial Stakes in AI Firms; Google, Nvidia Turn to Intel as TSMC Struggles With Demand

All three major US stock indexes were up in late-morning trading Monday, after Iran's Ministry of Foreign Affairs said its military has ceased its strikes against Israel, though they could resume if Israeli operations in Lebanon continue.The US government is considering taking a financial stake in artificial intelligence companies, with President Donald Trump planning to meet with executives next week, news outlets reported late Friday, citing the president's comments aboard Air Force One.In company news, Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday, citing four people with direct knowledge of the discussions. Google has placed an order for over 3 million Tensor Processing Units from Intel in 2028, the report said, citing two of the people. Nvidia hasn't placed an order with Intel, but its evaluating whether Intel technology can be used to make a processor that combines four graphics chips into a single unit, two of the people reportedly told The Information. Shares of Alphabet's Class C and Class A shares were both down 1.2% around midday. Nvidia shares were up 1%. Intel shares were up 12%, while TSM shares were up 3.5%.Eli Lilly (LLY) said Sunday that overweight or obese female patients reduced their body weight throughout all menopausal phases while using the maximum dose of its Foundayo medication in two medical trials. The first trial showed that pre-menopausal, perimenopausal and post-menopausal individuals dropped a maximum of 28 pounds, 30.4 pounds, and 28.2 pounds over 72 weeks, the company said. During the second study focusing on subjects with type 2 diabetes, patients in the same three physiological stages shed up to 23.4 pounds, 18.5 pounds, and 27.8 pounds, the company said. Separately, the company reported Saturday that additional phase 3 data showed that its investigational molecule retatrutide achieved substantial weight loss with meaningful improvements in obesity-related conditions, including knee osteoarthritis pain, moderate-to-severe obstructive sleep apnea, and type 2 diabetes. Eli Lilly shares were up 2.6%.Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Amazon shares were down 0.1%, while Corning shares were up 6.3%.SpaceX (SPCX) has attracted about $150 billion in investor demand for its initial public offering, about twice the $75 billion it aims to raise, Reuters reported Sunday, citing people familiar with the matter.Tango Therapeutics (TNGX) said Monday that initial results from its phase 1/2 trial of vopimetostat, an investigational PRMT5 inhibitor, in combination with Revolution Medicines inhibitor daraxonrasib showed a six-month progression-free survival rate of 90% in patients with pancreatic cancer. Tango shares were up 47%.Campbell's (CPB) reported fiscal Q3 adjusted earnings Monday of $0.50 per diluted share, down from $0.73 a year earlier but above the FactSet consensus analyst estimate of $0.48. Fiscal Q3 net sales were $2.37 billion, down from $2.48 billion a year ago and below the FactSet consensus of $2.38 billion. Campbell's shares were down 1.2%.Price: $207.86, Change: $+2.76, Percent Change: +1.35%

$AMZN$CPB$GLW$GOOG$GOOGL$INTC$LLY$NVDA$TNGX$TSM
Sectors

Sector Update: Consumer Stocks Mixed Premarket Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.Campbell's (CPB) stock was up more than 2% after the company reported fiscal Q3 adjusted earnings per share that topped analysts' expectations.Tyson Foods (TSN) has named Wes Morris as chief operating officer, effective June 15, the company said. Shares of Tyson Foods were 0.4% lower pre-bell.EBay (EBAY) is facing UK antitrust scrutiny after the Competition and Markets Authority opened a phase 1 review of its proposed acquisition of fashion resale platform Depop, according to a notice. Shares of EBay rose 0.2% pre-bell.

$CPB$EBAY$TSN$XLP$XLY
Campbell's Maintains Fiscal 2026 Outlook Following Mixed Third-Quarter Results
US Markets

Campbell's Maintains Fiscal 2026 Outlook Following Mixed Third-Quarter Results

Campbell's (CPB) reiterated its full-year outlook on Monday as the packaged food company reported fiscal third-quarter earnings above market estimates, although sales fell short of expectations.The company continues to project adjusted earnings to come in between $2.15 and $2.25 per share for fiscal 2026, while the current consensus on FactSet is for $2.17. Organic sales are still pegged to decline by 1% to 2% for the fiscal year, Campbell's said.For the three-month period ended May 3, the company's adjusted EPS dropped to $0.50 from $0.73 the year before, but topped the Street's view for $0.48. The stock gained 2.3% in the most recent premarket activity.Sales declined 4% to $2.37 billion, missing the average analyst estimate of $2.38 billion. On an organic basis, sales moved down by the same percentage, reflecting lower volume and mix."Our third quarter results were generally in-line with our expectations but remained under pressure, reflecting top-line softness and inflation-driven margin headwinds," Chief Executive Mick Beekhuizen said in a statement. "Across the company, we are focused on simplifying the business, accelerating productivity and cost savings, and creating fuel to invest behind our strongest opportunities."Revenue in the meals and beverages and snacks segments decreased 4% each to $1.43 billion and $940 million, respectively, according to the company.The company's brands in the meals and beverages division continued to benefit from durable at-home cooking trends, Beekhuizen said. Campbell's is also seeing "early signs of progress" in the snacks business and is taking additional measures to strengthen its salty snacks portfolio, the CEO added.The company saved roughly $20 million during the third quarter, taking its overall cost savings to $200 million in reference to its fiscal 2028 objective of $375 million. It aims to use these savings to help offset tariffs and wider inflationary headwinds."We are moving with urgency and remain confident in the long-term strength of our portfolio and our ability to create shareholder value," according to Beekhuizen.

$CPB
Sectors

Sector Update: Consumer

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.Campbell's (CPB) stock was up more than 2% after the company reported fiscal Q3 adjusted earnings per share that topped analysts' expectations.

$CPB
Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data
US Markets

Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data

The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors weigh tensions after Iran and Israel exchanged strikes and await key inflation data later this week.The S&P 500 increased 0.4% and the Nasdaq added 0.8% in premarket activity, while the Dow Jones Industrial Average edged down less than 0.1%. The indexes finished Friday's trading session in the red, with the Nasdaq reportedly recording its biggest one-day decline since April 2025.Iran launched a fresh wave of airstrikes against Israel on Monday, Bloomberg News reported. Israel responded with strikes on military targets in western and central Iran, while Iranian state media reported multiple explosions in Tehran, according to Bloomberg.Tensions between the two countries escalated after Iran launched missiles toward Israel over the weekend in retaliation for Israeli strikes on the southern suburbs of Beirut, Lebanon.President Donald Trump told Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran's attack and allow time for more diplomacy, Axios reported Sunday, citing a senior US official and an Israeli source.An Iranian official involved in the discussions between Washington and Tehran told MS NOW that a peace deal with Trump is "no longer feasible" after the latest exchange of fire.West Texas Intermediate crude oil jumped 3.8% to $94.02 a barrel before the open, while Brent gained 3.6% to $96.43.With no major economic reports scheduled for Monday, traders will turn their attention to the consumer price index for May on Wednesday, followed by data on wholesale prices for the same month on Thursday.On Friday, the Bureau of Labor Statistics reported that total nonfarm payrolls in the US rose by 172,000 in May, nearly double the 88,000 increase expected in a Bloomberg-compiled survey.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.2 basis points to 4.16% and the 10-year rate inclining 1.8 basis points to 4.55%.Eli Lilly's (LLY) shares advanced 3.9% pre-bell after the drugmaker said its investigational drug for obesity, retatrutide, showed "substantial" weight loss in two clinical studies, as well as "meaningful" improvements in knee osteoarthritis pain and sleep apnea.Oracle (ORCL) and Adobe (ADBE) are scheduled to report their latest financial results later this week. Campbell's (CPB) posts its earnings before the bell Monday.Gold declined 0.9% to $4,325 per troy ounce, while bitcoin climbed 2.9% to $63,118.

Dow JonesNasdaq CompositeS&P 500$ADBE$CPB$LLY$ORCL
General Mills, J.M. Smucker Among Food Producers Seen Missing 2027 Earnings Views, Morgan Stanley Says
US Markets

General Mills, J.M. Smucker Among Food Producers Seen Missing 2027 Earnings Views, Morgan Stanley Says

US food producers including General Mills (GIS) and J.M. Smucker (SJM) may see their fiscal 2027 earnings missing consensus estimates amid rising input costs, Morgan Stanley said in a note emailed Friday.The brokerage lowered 2027 earnings-per-share estimates for the two companies, as well as for Conagra Brands (CAG) and Campbell's (CPB)."Heading into off-cycle earnings over the next several weeks, the focus is squarely on (fiscal 2027) outlooks -- both in terms of formal guidance for (J.M. Smucker, General Mills, and Conagra), as well as any incremental commentary from (Campbell's) -- with negative revisions generally expected amid ongoing topline weakness and incremental margin pressure from higher input costs post the Iran conflict," according to the Morgan Stanley report.Wholesale costs rose at the fastest pace in four years in April as broad-based increases in services and goods signaled intensifying inflation pressures, data released last month showed.Morgan Stanley now projects 2027 EPS of $1.41 for Conagra, $2.02 for Campbell's, $2.97 for General Mills and $9.74 for J.M. Smucker. The consensus estimates are $1.63, $2.11, $3.20 and $9.92, respectively.Morgan Stanley lowered its price targets to $13 from $15 for Conagra, $21 from $23 for Campbell's and $32 from $37 for General Mills. It raised J.M Smucker's price target to $106 from $104."While there has been some recent sequential improvement in scanner trends as of late, visibility into durability remains low given a choppier macro backdrop," the report said. "At this point, (J.M Smucker) likely screens best, supported by solid recent trends, albeit with some uncertainty around coffee elasticities."The brokerage said market share trends remain weak for General Mills, which has "limited flexibility after leaning into price to stabilize volumes." Conagra is more exposed to the low-end consumer hit hard by inflation."We would put (Campbell's) somewhere in the middle -- near-term trends remain weak, but with new leadership in snacks, there is at least some potential for strategic changes to support improvement," Morgan Stanley said.Campbell's is scheduled to release its fiscal third-quarter results on Monday, while J.M. Smucker will post its fourth-quarter financials on Tuesday. General Mills reports on July 1, followed by Conagra on July 9.Price: $21.27, Change: $-0.29, Percent Change: -1.32%

$CAG$CPB$GIS$SJM
Wire

Barclays Adjusts Campbell's Price Target to $19 From $21, Maintains Underweight Rating

Campbell's (CPB) has an average rating of Hold and mean price target of $20.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $21.25, Change: $-0.30, Percent Change: -1.39%

$CPB
Wire

Campbell's Unlikely to See Immediate Relief From Demand Pressures, RBC Capital Markets Says

Campbell's (CPB) appears to be moving in the wrong direction and is unlikely to see immediate relief from continuing demand pressures, RBC Capital Markets said in a note Wednesday.The brokerage said it is about in line with consensus estimates for the company's fiscal Q3 results, which are expected on June 8.Analysts said the company continues to struggle to improve volume and share performance.The company's Snacks segment is facing greater competitive pressure and consumer pullback, while its meals and beverages division is seeing signs of likely deterioration, according to the note.From a demand perspective, packaged food is still facing "consumer pressure, pricing-driven volume elasticity payback, and elevated competitive promotional activity," the brokerage said.RBC Capital Markets has a sector perform rating on Campbell's and a $23 price target.Price: $21.41, Change: $+0.42, Percent Change: +1.98%

$CPB
Packaged Food Companies Face 'Tough' Setup Amid Weak Demand, Growing Costs, UBS Says
US Markets

Packaged Food Companies Face 'Tough' Setup Amid Weak Demand, Growing Costs, UBS Says

US packaged food companies' upcoming quarterly results are likely to highlight a "tough" setup for the industry amid weaker demand and increasing costs, UBS Securities said in a note e-mailed Tuesday.The brokerage flagged downside potential to Wall Street's projections for the back half of the year and beyond given mounting cost pressures. The industry at the same time is facing structural changes "that could materially shift the growth trajectory for some time," UBS analysts Peter Grom and Sona Fernandes said in the note to clients.Campbell's (CPB), J.M. Smucker (SJM), General Mills (GIS), Conagra Brands (CAG), Simply Good Foods (SMPL), and McCormick (MKC) comprise the brokerage's packaged food coverage. The companies are expected to report results over the coming weeks."As has been the case for some time, we expect top-line trends to remain under pressure for most (of the names), and when layering in cost pressures that have ratcheted higher, we see downside risk to Street numbers looking out to the back half of the year and beyond," Grom and Fernandes said.Campbell's faces a "negative" setup ahead of its results amid "demand trends (that are) yet to show meaningful improvement and cost pressures that could drive out year estimates lower," the analysts wrote.UBS sees an "unfavorable setup" for General Mills ahead of its results. "We believe (fiscal 2027) guidance will fall short of expectations driven by top-line growth that remains underwhelming, cost pressures that will likely offset benefits from (corporate strategy) savings, and lapping unique items such as the 53rd week, incentive comp, and a divestiture," Grom and Fernandes said.For Conagra, the fundamental setup into its latest results continues to be "challenged, as top-line trends remain underwhelming," with cost pressures expected to lead to fiscal 2027 outlook falling short of the Street's views at the midpoint, according to the note.Simply Good Foods' "demand trends remain under pressure and cost pressures remain elevated making it difficult to step in," Grom and Fernandes said.UBS sees J.M. Smucker and, to some extent, McCormick as "partial exceptions" in its downbeat industry outlook.J.M. Smucker "remains one of the few companies across our packaged food coverage where we see a path to organic sales growth and strong bottom-line delivery" looking out over the next 12 to 18 months, the analysts said. McCormick's fundamentals "remain better than most, but the company is also not immune to moderating category trends and cost pressures," according to Grom and Fernandes."In many ways, we think growth algorithms for the group could be permanently impaired, and when comparing valuation to other industries that have structural top-line concerns, we think there in fact could be room for further multiple compression," the analysts wrote.Price: $21.12, Change: $+0.04, Percent Change: +0.19%

$CAG$CPB$GIS$MKC$SJM$SMPL
Wire

UBS Adjusts Price Target on Campbell's to $19 From $20, Maintains Sell Rating

Campbell's (CPB) has an average rating of hold and mean price target of $20.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $21.19, Change: $+0.11, Percent Change: +0.50%

$CPB
Research

Correction: Stephens Downgrades Campbell's to Equalweight From Overweight, Adjusts PT to $21 From $28

(Corrects rating change in headline.)Campbell's (CPB) has an average rating of hold and mean price target of $20.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CPB

Showing 1-20 of 27