Campbell Soup price target lowered to $45 from $48 at Stifel

Stifel analyst Matthew Smith lowered the firm’s price target on Campbell Soup to $45 from $48 and keeps a Hold rating on the shares after the company reported a Q4 EPS decline in line with the firm’s consensus-matching estimate. Campbell’s initial FY24 guidance calls for flat to 2% organic sales growth and EPS in the range of 3%-5%, with growth weighted to the second half, noted the analyst.