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.
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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