Barclays analyst Andrew Lazar lowered the firm’s price target on J.M. Smucker (SJM) to $123 from $126 and keeps an Equal Weight rating on the shares. The firm updated the company’s model to account for the closing of the previously announced divestiture of its Voortman business.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- J.M. Smucker cuts FY25 revenue growth view to 7.5%-8.5% from 8.5%-9.5%
- J.M. Smucker closes divestiture of Voortman brand to Second Nature Brands
- J.M. Smucker price target raised to $126 from $121 at Barclays
- 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