J.M. Smucker price target raised to $132 from $117 at UBS

UBS raised the firm’s price target on J.M. Smucker (SJM) to $132 from $117 and keeps a Buy rating on the shares. J.M. Smucker reported a Q3 EPS beat on stronger top-line and operating margin performance, while narrowing FY26 top-line guidance due to weaker Sweet Baked Snacks results, the analyst tells investors in a research note. The announcement of a partnership with Elliott Investment Management and two new board members was well received, signaling a shift toward debt reduction and succession progress, UBS adds.