TD Cowen Maintains Buy on JM Smucker, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Robert Moskow maintains a Buy rating on JM Smucker (NYSE:SJM) but lowers the price target from $150 to $140.
April 10, 2024 | 3:31 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on JM Smucker but lowers the price target from $150 to $140.
While the maintenance of a Buy rating suggests continued confidence in JM Smucker's fundamentals and growth prospects, the reduction in price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100