Campbell's Faces Slower Growth: Analyst Cuts Price Forecast As Consumer Sentiment Could Weaken Further
1. CPB's Q2 sales growth was 9%, below $2.74 billion estimate. 2. FY25 sales growth forecast lowered to 6-8% from 9-11%. 3. Analyst calls CPB undervalued, but cautious on future consumer sentiment. 4. Adjusted estimates include organic sales growth down to -1.2%. 5. CPB shares recently increased 0.61% to $39.40.