Deutsche Bank, Wells Fargo Cut Campbell's (CPB) Price Targets as Outlook Weakens

The Campbell’s Company (NASDAQ:CPB) is included among the 15 Best High Dividend Stocks to Invest in Under $100.

On March 4, Steve Powers of Deutsche Bank lowered the firm’s price recommendation on The Campbell’s Company (NASDAQ:CPB) to $28 from $31. The firm reiterated a Hold rating on the shares.

A day earlier, on March 3, Chris Carey of Wells Fargo also lowered his price objective on Campbell’s. The new target is $28, down from $30, while the firm kept an Equal Weight rating on the stock. The analyst said Wells Fargo reduced its estimates and target as it expects the company to track toward the lower end of its fiscal 2026 guidance.

Also on March 3, the company announced the appointment of Cassandra Green as Chief Supply Chain Officer, effective immediately. Green will report to President and CEO Mick Beekhuizen and will join the company’s Operating Committee. In this expanded role, Green will continue overseeing Campbell’s end-to-end supply chain operations. Her responsibilities include customer logistics and planning, procurement, operational excellence, manufacturing, and supply chain category leadership. She will also take on responsibility for food safety and quality.

The Campbell’s Company (NASDAQ:CPB), formerly Campbell Soup Company, produces food and beverage products positioned as affordable options for consumers. The business is organized around two divisions: Meals & Beverages and Snacks. Across those segments, the company manages a portfolio of about 16 brands.

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.

READ NEXT: 14 Best Dividend Stocks to Invest in Under $50 and 40 Most Popular Stocks Among Hedge Funds Heading into 2026.

Disclosure: None.  Follow Insider Monkey on Google News.