Morgan Stanley raised the firm’s price target on J.M. Smucker (SJM) to $124 from $123 and keeps an Overweight rating on the shares ahead of Q4 EPS scheduled for before the market open June 10. The firm expects about 3% EPS upside in fiscal Q4 and “prudent” initial FY26 guidance, but believes this could be viewed conservatively given work pointing to visibility to “solid” EPS growth potential in FY26, the analyst tells investors in a preview.
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