Stifel Upgrades JM Smucker to Buy, Maintains Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith upgraded JM Smucker (NYSE:SJM) from Hold to Buy while maintaining the price target at $135. This indicates a positive outlook on the company's stock by the analyst.
February 28, 2024 | 10:46 am
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POSITIVE IMPACT
Stifel upgraded JM Smucker to Buy from Hold, with a maintained price target of $135, showing confidence in the company's future performance.
Upgrades by analysts, especially from Hold to Buy, typically signal a bullish outlook on the stock, suggesting potential for price appreciation. Maintaining a high price target further indicates the analyst's confidence in the stock's value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100