Analyst Robert Moskow from TD Cowen maintained a Hold rating on JM Smucker and decreased the price target to $111.00 from $113.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Robert Moskow has given his Hold rating due to a combination of factors impacting JM Smucker’s financial outlook. The company’s recent quarterly results were in line with expectations, but there were concerns about the quality of these results, particularly with a miss in gross margins. Additionally, the anticipated benefits from tariff relief have been delayed until fiscal year 2027, which affects the company’s near-term earnings potential.
Furthermore, there are pockets of volatility across various product categories and brands, raising concerns about the company’s ability to maintain stable growth. While there were strong performances in the Coffee segment, other areas like Spreads and Hostess faced challenges. The management’s revised guidance and the ongoing competitive pressures in certain segments contribute to the uncertainty, making a Hold rating appropriate as the company navigates these challenges.
In another report released today, Bernstein also maintained a Hold rating on the stock with a $113.00 price target.