Stifel raised the firm’s price target on J.M. Smucker (SJM) to $110 from $106 and keeps a Hold rating on the shares. The firm approaches Q2 earnings season “with caution” for its covered food stocks, stating that weak consumption trends continued into the second quarter. In 2025, the firm estimates 1% organic sales growth and a 15% EPS decline on average for the food and beverage stocks the analyst covers, advising investors to “remain selective in their food exposure.”
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