Campbell Soup Likely To Post Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Campbell Soup Company CPB is expected to report fourth-quarter fiscal 2023 results, before the opening bell on Aug. 31, 2023.

Analysts expect the company to post quarterly earnings at 50 cents per share, down from year-ago earnings of 56 cents per share. The company’s revenue might come in at $2.06 billion, compared to $1.99 billion in the year-ago period.

Campbell Soup shares fell 0.8% to close at $41.96 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Ken Goldman maintained a Neutral rating and cut the price target from $49 to $47 on Aug. 21, 2023. This analyst has an accuracy rate of 81%.
• Piper Sandler analyst Michael Lavery maintained a Neutral rating and lowered the price target from $52 to $50 on June 26, 2023. This analyst has an accuracy rate of 71%.
• Deutsche Bank analyst Steve Powers maintained a Hold rating and cut the price target from $53 to $52 on June 12, 2023. This analyst has an accuracy rate of 74%.
• Evercore ISI Group analyst David Palmer maintained an In-Line rating and lowered the price target from $55 to $53 on June 8, 2023. This analyst has an accuracy rate of 70%.
• Credit Suisse analyst Robert Moskow maintained a Neutral rating and boosted the price target from $50 to $51 on March 9, 2023. This analyst has an accuracy rate of 71%.

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