J.M. Smucker price target lowered to $118 from $128 at Citi

Citi lowered the firm’s price target on J.M. Smucker (SJM) to $118 from $128 and keeps a Buy rating on the shares. The fiscal Q4 beat was “low-quality,” and the fiscal 2026 earnings outlook was below consensus, the analyst tells investors in a research note. J.M. Smucker seemed to be the rare low-growth food company for which investors were skewed long into earnings, helping to explain the 16% selloff yesterday, the analyst tells investors in a research note. Citi views the guidance as conservative and continues to view J.M. Smucker’s portfolio as better positioned for sales growth than many peers longer term.