In a report released today, Robert Moskow from TD Cowen maintained a Hold rating on JM Smucker, with a price target of $113.00.
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Robert Moskow has given his Hold rating due to a combination of factors influencing JM Smucker’s financial outlook. One key consideration is the company’s earnings per share (EPS) forecast for fiscal year 2026, which Moskow maintains at $9.35, slightly above the consensus of $9.10. This suggests potential upside, particularly if coffee tariffs are rolled back and coffee price elasticity remains favorable. However, the lack of clarity on future tariff directions adds uncertainty to this outlook.
Additionally, while Smucker’s retail sales growth has been robust, particularly in the coffee segment, there are concerns about volume declines and the impact of pricing strategies. The company’s coffee sales have outperformed expectations, but the elasticity of demand and potential changes in tariff policies could necessitate adjustments in pricing strategies. These factors contribute to Moskow’s decision to rate the stock as Hold, reflecting a cautious stance amid both positive performance indicators and underlying uncertainties.
In another report released on November 14, Bank of America Securities also maintained a Hold rating on the stock with a $118.00 price target.