J.M. Smucker price target raised to $155 from $148 at Stifel

Stifel analyst Christopher Growe raised the firm’s price target on J.M. Smucker to $155 from $148 and keeps a Hold rating on the shares after having attended the company’s biannual investor meeting. The event was "void of any material news," as the company reiterated its recently raised sales and EPS guidance for FY23, but it also "put forth a confident view" of its business, its revitalized portfolio of brands and accelerating growth from its existing business, said Growe, who sees "limited downside for the shares and some upside potential."