TD Cowen lowered the firm’s price target on J.M. Smucker (SJM) to $103 from $113 and keeps a Hold rating on the shares. The firm lowered earnings estimates and price targets for a number of large cap food makers to reflect the likelihood of higher input costs stemming from the Iran War and limited pricing power, adding that food companies are now prioritizing debt reduction to reduce risk after substantial margin erosion in 2025.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- 3 Best Dividend Aristocrat Stocks to Buy Now, 03/24/2026
- J.M. Smucker price target lowered to $113 from $124 at TD Cowen
- Balancing 2027 Coffee Leverage Against Portfolio Headwinds and Sector De-Rating: Rationale for a Hold Rating
- Oracle, Nike upgraded: Wall Street’s top analyst calls
- Positioned for Earnings Rebound by FY27: Coffee Recovery, Uncrustables Growth, and Pet Food Strength Support Buy Rating