TD Cowen lowered the firm’s price target on J.M. Smucker (SJM) to $105 from $111 and keeps a Hold rating on the shares. The firm adjusted price targets in consumer staples as part of a 2026 outlook. TD expects a “challenging” year for large-cap consumer staples with volume growth unlikely to improve materially from the negative 0.9% in 2025 and pricing “muted.”
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