08:45 AM EDT, 08/30/2024 (MT Newswires) -- Campbell Soup ( CPB ) management's view of the packaged food category is "surprisingly positive," RBC Capital said, adding that its own view is more conservative.

"We are currently slightly less positive on packaged food category momentum compared to CPB management," RBC analysts said in a note on Friday.

The company view is that volume and mix improvement over the last three quarters reflects improving consumer dynamics, RBC analysts said.

Campbell Soup's ( CPB ) 2025 guidance was "in line with street estimates" and the quarterly results were also largely in line with expectations, RBC said.

"We are positioned toward the lower end of guidance given our conservatism around the packaged food category," the analysts said.

The firm maintained its Sector Perform rating on Campbell Soup ( CPB ) stock, with a $47 price target.

Price: 49.77, Change: +0.52, Percent Change: +1.06