UBS initiated coverage of J.M. Smucker (SJM) with a Buy rating and $134 price target implying 15% upside from current levels. The firm sees a high degree of visibility to positive low single digit organic revenue growth looking out over the next 12-18 months, and while coffee inflation is likely to result in earnings per share growth below the company’s high single digit long-term algorithm in fiscal 2026, this is already priced in, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- Hold Rating for JM Smucker Amid Tariff Uncertainty and Hostess Integration Challenges
- Lennar, Dutch Bros, Civitas, Hershey, Smucker: Trending by Analysts
- Boeing upgraded, Lockheed downgraded: Wall Street’s top analyst calls
- J.M. Smucker initiated with an Overweight at Morgan Stanley
- Inflation May Help RFK Jr. Defeat Pepsi, Kellanova & General Mills