Citigroup Maintains Buy on JM Smucker, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer maintains a Buy rating on JM Smucker but lowers the price target from $139 to $138.
August 20, 2024 | 4:07 pm
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NEUTRAL IMPACT
Citigroup's analyst Thomas Palmer maintains a Buy rating on JM Smucker, indicating continued confidence in the stock. However, the price target is slightly reduced from $139 to $138, suggesting a minor adjustment in expected valuation.
The Buy rating suggests that Citigroup still sees potential upside in JM Smucker's stock, but the slight reduction in the price target indicates a minor adjustment in expected performance. This could lead to a neutral short-term impact as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100