Cerity Partners LLC increased its investment in
Campbell.
Barclays, however, lowered its target price due to the company's underperformance on the NASDAQ index. The company's stock instability led to mixed sentiments among Wall Street analysts. Despite the turbulence,
SG Americas and
TrueMark Investments purchased large numbers of shares.
Campbell experienced a 52-week low, prompting discussions of whether it was a buying time. The company underwent significant changes, including a name change and CEO shift with
Mick Beekhuizen stepping in. Despite the initiatives,
Campbell's stock declined and faced skepticism and lowered target prices from various analysts, including
Morgan Stanley and
Piper Sandler.
Campbell's plans to enhance its core brands were accompanied by challenges such as the affected snacks division and weak quarterly sales.
Campbell's recently changed its name after 155 years, which prompted various reactions in the market, due to their stock nearing six-year lows. Amidst the challenges, the company maintained its dividend, while facing a lowered EPS estimate for FY2025.
Campbell Soup Company CPB News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 12 Jul 2025 11:57:07 GMT -
Rating -4
- Innovation -5
- Information 7
- Rumor -1
