TD Cowen Maintains Buy on JM Smucker, Lowers Price Target to $132
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 $135 to $132.

August 29, 2024 | 4:11 pm
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NEUTRAL IMPACT
TD Cowen analyst Robert Moskow maintains a Buy rating on JM Smucker but lowers the price target from $135 to $132, indicating a slight adjustment in expected valuation.
The analyst's decision to maintain a Buy rating suggests continued confidence in JM Smucker's performance, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100