DA Davidson raised the firm’s price target on J.M. Smucker (SJM) to $112 from $104 and keeps a Neutral rating on the shares after its Q1 earnings miss. The quarter and the below-consensus Q2 failed to deliver the upside expected, driving the stock’s underperformance, though with that said, the increased investor optimism is not unfounded, the analyst tells investors in a research note. Coffee momentum is real, prior year compares ease beginning in the second half of FY26, and the adverse effects of tariffs are now more fully baked in, even though they could reverse if exemptions are applied, the firm added.
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