BofA raised the firm’s price target on J.M. Smucker (SJM) to $120 from $118 and keeps a Neutral rating on the shares after Q2 adjusted EPS came in slightly above BofA’s forecast. The firm raised its FY27 and FY28 adjusted EPS forecasts to $10.00 and $10.80 from $9.80 and $10.60, respectively, noting that the company anticipates its momentum in FY26 to set up for an algorithm or better FY27, which means potential for $10-plus of EPS next year.
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Read More on SJM:
- J.M. Smucker price target lowered to $121 from $122 at JPMorgan
- J.M. Smucker price target lowered to $117 from $120 at UBS
- J.M. Smucker price target lowered to $115 from $118 at Morgan Stanley
- J.M. Smucker price target raised to $113 from $110 at Bernstein
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