Campbell's Earnings Meet Consensus as Analysts Cut Ratings
Zacks raised Campbell’s to a hold and Bank of America cut its price target to $18 with an underperform view, while JPMorgan lifted its target to $22 and kept a neutral rating. Campbell’s reported quarterly EPS of $0.39 on $2.14 billion revenue, meeting consensus, and said it targets about $500 million in savings, including workforce reductions. CalSTRS and Two Sigma also increased holdings.