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Piper Sandler Sees Pressure on Campbell’s (CPB) Sales, Lowers Price Target to $28
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The Campbell’s Company (NASDAQ:CPB) is included among the 15 Best Dividend Leaders to Buy Right Now. On March 9, Piper Sandler lowered its price recommendation on The Campbell’s Company (NASDAQ:CPB) to $28 from $34. It maintained a Neutral rating on the shares. The firm said the company is operating in a difficult environment. Retail volumes remain under pressure, which could push Campbell’s to adjust pricing, similar to moves made by its peers, or increase spending on its brands. Piper also noted that the weakness in the stock may already reflect some of these concerns. The firm expects the quarter to come in roughly in line with its estimates and the broader consensus. It projects earnings of 57c per share and revenue of about $2.6 billion. On March 13, the company announced the appointment of Joshua Levine as Chief Investor Relations Officer, effective March 18, 2026. Levine will report to Chief Financial Officer Todd Cunfer. In this role, Levine will lead the company’s Investor Relations function. His responsibilities will include managing engagement with the investment community and supporting transparent, consistent communication with shareholders. He succeeds Rebecca Gardy, who is retiring after six years leading the company’s investor relations efforts. The Campbell’s Company (NASDAQ:CPB), formerly Campbell Soup Company, provides affordable food and beverages. The business is organized around two divisions: Meals & Beverages and Snacks. The company’s portfolio includes approximately 16 brands. While we acknowledge the potential of CPB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 14 Low PE High Dividend Stocks to Buy Right Now Disclosure: None. Follow Insider Monkey on Google News.
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