On Nov 27, major Wall Street analysts update their ratings for $JM Smucker (SJM.US)$, with price targets ranging from $121 to $135.
BofA Securities analyst Peter Galbo maintains with a hold rating, and adjusts the target price from $122 to $124.
Barclays analyst Andrew Lazar maintains with a hold rating, and maintains the target price at $121.
Wells Fargo analyst Christopher Carey maintains with a buy rating, and maintains the target price at $135.
Jefferies analyst Robert Dickerson maintains with a hold rating, and adjusts the target price from $116 to $130.
TD Cowen analyst Robert Moskow maintains with a buy rating, and maintains the target price at $132.
Furthermore, according to the comprehensive report, the opinions of $JM Smucker (SJM.US)$'s main analysts recently are as follows:
Amid concerns of potentially needing to adjust the EPS range to reflect weaknesses in Hostess and Coffee inflation, the company's Q2 sales and profit surpassing expectations and the increase in FY EPS proved reassuring. There's recognition that while improvements are required, progress appears to be underway.
The company demonstrated a strong performance in its second quarter, with notably impressive organic volumes amidst the broader food sector environment. Margin enhancements in Coffee were facilitated by pricing strategies, which initially showed minimal elasticity across the portfolio. However, as coffee costs increase, expected elasticity may lead to more constrained margins. Additionally, robust margins in the Pet segment prompt inquiries regarding the extent of stranded overheads.
Here are the latest investment ratings and price targets for $JM Smucker (SJM.US)$ from 5 analysts:
Note:
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