J.M. Smucker price target lowered to $106 from $120 at Stifel

Stifel analyst Matthew Smith lowered the firm’s price target on J.M. Smucker (SJM) to $106 from $120 and keeps a Hold rating on the shares. Smucker reported a stronger fourth quarter than expected, but the company’s initial FY26 guidance, with the mid-point of the outlook calling for an 11% decline in EPS for the year, was roughly 13% below the firm’s estimate, the analyst tells investors. Following the report, the firm lowers its FY26 EPS estimate to $8.95, down $1.43 from its previous estimate, primarily reflecting weaker Coffee and Sweet Baked Goods profit, the analyst noted.