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Benzinga
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Top Wall Street Forecasters Revamp Campbell's Expectations Ahead Of Q4 Earnings

1. Campbell's earnings report expected at 57 cents per share, down from 63 cents. 2. Revenue projected at $2.33 billion, slightly up from $2.29 billion last year. 3. Morgan Stanley and Piper Sandler downgraded CPB's price targets recently. 4. CPB shares fell 1.5% to close at $31.46 on Tuesday. 5. Analysts show mixed ratings, indicating uncertainty in stock outlook.

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FAQ

Why Bearish?

Earnings expectations are lower than last year, indicating potential weakness. Recent downgrades from analysts also signal reduced confidence in the stock.

How important is it?

Earnings reports directly affect stock prices, making this highly relevant. Analyst downgrades reflect diminishing confidence that may result in price declines.

Why Short Term?

Immediate focus on Q4 earnings may drive stock fluctuations. Short-term reactions likely due to near-term earnings results.

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