J.M. Smucker price target lowered to $115 from $124 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on J.M. Smucker (SJM) to $115 from $124 and keeps an Overweight rating on the shares after its Q4 results and below-consensus guidance. Weaker coffee profits, tariffs, increased marketing, and continued Hostess weakness drove “significant” low-double-digit decline in expected FY26 earnings, even though the firm views many aspects of the guide “conservatively”, the analyst tells investors in a research note. The valuation on the stock is also at the lower-end of center-store peers, the firm adds.