BNP Paribas Exane analyst Max Gumport double upgraded J.M. Smucker (SJM) to Outperform from Underperform with a price target of $120, up from $95. The firm expects a better than expected performance in coffee to drive upside to estimates for Smucker. Exane sees “meaningful upside” to the company’s fiscal Q1 estimates due to favorable coffee prices. Scanner data suggests potential upside to Smucker’s sweet baked snacks business as well, the analyst tells investors in a research note. The firm sees upside potential throughout fiscal 2026 for the company.
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