Barclays Cuts Smucker (SJM) Target to $103 on Cost Concerns; BTIG Starts With Buy at $120

Barclays has reduced its price target for The J. M. Smucker Company (SJM) to $103 from $125 due to increasing input costs, while maintaining an Equal Weight rating. Conversely, BTIG initiated coverage with a Buy rating and a $120 price target, citing potential profit expansion in Smucker’s coffee segment and a well-positioned broader portfolio. The company manufactures branded food and beverage products, with its inclusion among high-dividend stocks picked by billionaire Ray Dalio also noted.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin