Piper Sandler Reduces PT on The Campbell's Company (CPB) Stock

The Campbell’s Company (NASDAQ:CPB) is one of the Best Mid Cap FMCG Stocks to Buy Now. Piper Sandler reduced the price objective on the company’s stock to $35 from $41, while keeping an “Overweight” rating on the shares, as reported by The Fly. The firm has updated its estimates for 2026 headwinds, mainly tariffs, which could impact the EPS. However, the firm believes that M&B (Meals & Beverages)’s sustainable momentum is expected to continue in 2026, but The Campbell’s Company (NASDAQ:CPB) also has tough comparable sales.

The Campbell’s Company (NASDAQ:CPB) delivered strong Q3 2025 results, which surpassed expectations, partially because of favorable shipment timing. In Meals & Beverages, the company continues to see improvement in consumption throughout all consumer income groups. In Snacks, there was a mixed performance across the portfolio. While The Campbell’s Company (NASDAQ:CPB) is benefiting from some robust innovation launches, it continues to adjust its plans to ensure competitiveness across the full brand portfolio. Overall, its performance showcased healthy execution and disciplined cost management.

As of the end of Q3 2025, The Campbell’s Company (NASDAQ:CPB) delivered ~$110 million of savings under the $250 million cost savings program, which was announced in September 2024.

The Campbell’s Company (NASDAQ:CPB) manufactures and markets food and beverage products.

While we acknowledge the potential of CPB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.