J.M. Smucker price target lowered to $126 from $132 at DA Davidson

DA Davidson lowered the firm’s price target on J.M. Smucker to $126 from $132 and keeps a Neutral rating on the shares after its Q4 results last week. The firm is mindful that FY25 is the company’s “self described reinvestment year”, and there is no near term catalyst for the stock other than valuation, the analyst tells investors in a research note. DA Davidson adds however that it would turn more constructive if it gains more confidence that J.M. Smucker’s FY26 can grow above the long term algorithm.