Stephens analyst Jim Salera reiterated an Equal Weight rating and $21.00 price target on The Campbell's Co. (NASDAQ: CPB).

The analyst commented: "CPB’s 3QF26 print delivered modestly better than expected profitability despite softer sales. Meals & Beverages remains the healthier segment, supported by at home cooking trends and robust Rao’s consumption. While Goldfish and Fresh Bakery execution are showing early signs of improvement, the Snacks segment still needs work. The Salty portion of the portfolio in particular needs to fine tune assortment, accelerate innovation, sharpen price pack architecture, and improve retail execution. On the commodities, the company will have to work to offset inflationary pressures across oil, freight, packaging, and other input costs, while likely having limited flexibility on pricing. CPB emphasized the importance of the dividend to its investor base, which could help stabilize shares as the business recovers. That said, we believe investors will want to see tangible evidence of improving consumption trends and margin stabilization before getting more constructive. We are maintaining our EW rating, and our $21 PT."

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Shares of The Campbell's Co. closed at $21.49 yesterday.