Bernstein Upgrades JM Smucker to Market Perform, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Alexia Howard upgraded JM Smucker (NYSE:SJM) from Underperform to Market Perform while reducing the price target from $123 to $119.
November 14, 2023 | 10:26 am
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Bernstein upgraded JM Smucker's rating to Market Perform and lowered the price target to $119.
The upgrade to Market Perform suggests a neutral outlook, indicating that the stock's performance is expected to be in line with the market. However, the reduction in price target could imply a limited upside potential or a cautious view on the company's valuation, which might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100