Stifel upgraded J.M. Smucker to Buy from Hold with an unchanged $135 price target. The analyst notes that the company’s base business momentum is supported by a stable of strong brands driving a balanced topline growth including volume/mix growth, making it a standout relative to its packaged foods peers. The firm further states that the J.M. Smucker’s current valuation is “compelling”, with FY25 outlook implying a below-algo growth year, while it remains “confident” in the growth potential of J.M. Smucker business.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SJM:
- The J.M. Smucker Co. Announces Fiscal 2024 Third Quarter Results
- Notable companies reporting before tomorrow’s open
- SJM Upcoming Earnings Report: What to Expect?
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley
- J.M. Smucker price target raised to $158 from $136 at TD Cowen