12:00 PM EDT, 09/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $1 to $37, applying a 15x multiple to our FY 26 (Jul.) EPS estimate of $2.47 (reduced from $2.99; initiating FY 27 at $2.64) versus the 16x long-term average forward P/E. Our FY 26 estimate reflects significant cost pressures, including a 4% gross (2% net after mitigation) impact to COGS from Section 232 steel/aluminum and IEEPA tariffs (primarily affecting Rao's imports from Italy), along with additional low single-digit COGS inflation from core inputs. Organic sales growth is expected to remain muted, as momentum in Meals & Beverages (led by sustained at-home cooking trends and strength in Rao's) offsets softness in Snacks. Marketing and innovation investments should support stronger growth in the second half, aided by easing Snack comps. CPB also raised its long-term cost savings target for FY 25-28 by 50% to $375M, with $145M realized in FY 25, which we think led to the better-than-feared EPS outlook and the shares up about 7% yesterday.