Stifel Maintains Hold on JM Smucker, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith has maintained a Hold rating on JM Smucker (NYSE:SJM) and increased the price target from $125 to $135. This adjustment reflects a positive view on the company's future performance, suggesting that the stock may have some upside potential, but not enough to warrant a Buy rating at this time.
January 25, 2024 | 2:55 pm
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Stifel has maintained a Hold rating on JM Smucker but raised the price target from $125 to $135, indicating a belief in the company's stable performance and potential for modest stock appreciation.
The increase in price target by Stifel suggests that the analyst sees some positive factors that could drive the stock price up in the short term. However, the Hold rating implies that the analyst does not see significant growth or changes that would justify an upgrade to a Buy rating. Investors may view this as a sign of stability with a slight positive bias, which could lead to a modest increase in the stock price.
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IMPORTANCE 75
RELEVANCE 100