Citi lowered the firm’s price target on J.M. Smucker (SJM) to $128 from $129 and keeps a Buy rating on the shares ahead of the fiscal Q4 report on June 10. The firm models sales and earnings above consensus, driven mainly by upside in Coffee. However, Citi models J.M. Smucker’s fiscal 2026 earnings a bit below consensus on the likely costs headwinds from coffee inflation and tariffs, and negative commentary from staples companies broadly throughout earnings season.
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