Bernstein raised the firm’s price target on J.M. Smucker (SJM) to $113 from $110 and keeps a Market Perform rating on the shares. The firm says that overall, Smucker’s seems to be hanging in there somewhat better than its peers. Organic sales growth of about 6% was driven mainly by low-double digit pricing, driven mainly by coffee, with underlying volumes down mid-single digits, Bernstein adds. Then again, adjusted EPS was down by 24% year-on-year, due mainly to coffee input cost inflation and tariffs, operational deleveraging and investments in marketing and innovation.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- Strategic Growth Potential for JM Smucker Amid Tariff Challenges and Segment Improvements
- J.M. Smucker price target lowered to $110 from $115 at Stifel
- J.M. Smucker Co. Reports Mixed Fiscal Q2 Results
- Midday Fly By: Alphabet continues ascent, fueled by AI optimism
- JM Smucker’s Stable Outlook: Hold Rating Amid Balanced Risks and Rewards