Barclays analyst Andrew Lazar raised the firm’s price target on J.M. Smucker (SJM) to $126 from $121 and keeps an Equal Weight rating on the shares. The company’s fiscal Q2 sales “beat and raise” along with solid underlying volume trends could make peers “green with envy” as Smucker “defies the gravity’ of industry volume malaise, which could make the stock a bit more ‘popular’ among investors,” the analyst tells investors in a research note.
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Read More on SJM:
- Regulatory Risks Could Loom for J.M. Smucker (NYSE:SJM) Under RFK Jr.
- J.M. Smucker price target raised to $124 from $122 at BofA
- J.M. Smucker price target raised to $135 from $130 at Wells Fargo
- J.M. Smucker Co. Reports Strong Q2 Performance
- J.M. Smucker price target raised to $130 from $116 at Jefferies
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
