B of A Securities Downgrades JM Smucker to Neutral, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Peter Galbo has downgraded JM Smucker (NYSE:SJM) from Buy to Neutral and lowered the price target from $170 to $145.
September 14, 2023 | 10:38 am
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NEGATIVE IMPACT
JM Smucker has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $145.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for JM Smucker. The lowered price target from $170 to $145 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100