Campbell's Company Prepares for Q3 Earnings Release Amid Analyst Rating Adjustments
Campbell's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

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Campbell's Company is set to announce its Q3 earnings on June 8, with expectations of a decline in earnings per share to 48 cents from 73 cents a year ago. Revenue is projected at $2.38 billion, down from $2.48 billion. Recent analyst forecasts reflect mixed ratings and price target adjustments.
- 01Campbell's expected earnings for Q3 are 48 cents per share, a decrease from 73 cents last year.
- 02Projected quarterly revenue is $2.38 billion, down from $2.48 billion in the previous year.
- 03Morgan Stanley maintained an Equal-Weight rating, lowering the price target from $23 to $21.
- 04Bernstein downgraded the stock from Market Perform to Underperform with a new price target of $19.
- 05UBS maintained a Sell rating, reducing the price target from $20 to $19.
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The Campbell's Company (NASDAQ:CPB) is set to announce its third-quarter earnings on June 8, with analysts forecasting a decline in earnings per share to 48 cents, down from 73 cents in the same period last year. The expected revenue for the quarter is $2.38 billion, a decrease from $2.48 billion reported previously. On May 13, Campbell's declared a quarterly dividend of 39 cents per share. Recently, several analysts have revised their ratings and price targets for the company. Morgan Stanley's Megan Alexander maintained an Equal-Weight rating but lowered the price target from $23 to $21. Bernstein's Alexia Howard downgraded the stock from Market Perform to Underperform, slashing the target from $21 to $19. UBS's Peter Grom kept a Sell rating, reducing the price target from $20 to $19. Meanwhile, Evercore ISI Group's David Palmer maintained an In-Line rating with a price target adjustment from $26 to $24. BTIG analyst Rob Dickerson initiated coverage with a Neutral rating on April 14.
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