J.M. Smucker price target lowered to $121 from $123 at Barclays

Barclays analyst Andrew Lazar lowered the firm’s price target on J.M. Smucker to $121 from $123 and keeps an Equal Weight rating on the shares. The company’s revised fiscal 2025 guidance corroborates what had already been a building investor concern over the reasonableness of its initial outlook, the analyst tells investors in a research note. Wwhile much is due to weakening consumer discretionary spending patterns, questions may persist on the viability of the updated Hostess Brands outlook, contends the firm.