J.M. Smucker upgraded to Outperform from Market Perform at Bernstein
Bernstein upgraded J.M. Smucker (SJM) to Outperform from Market Perform with a price target of $145, up from $121. The firm cites the continued deflation in green coffee costs and the arrival of activist Elliott Management for the upgrade. Elliott might drive portfolio changes and productivity improvements at Smucker, the analyst tells investors in a research note. Bernstein adds that green coffee commodity prices have deflated from all-time high prices above $4 per pound in 2025 to below $3.
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Read More on SJM:
- JM Smucker Finalizes Separation Agreement with Former COO
- J.M. Smucker Balances Coffee Strength With Bakery Pain
- J.M. Smucker price target raised to $117 from $112 at Deutsche Bank
- J.M. Smucker price target raised to $124 from $112 at TD Cowen
- J.M. Smucker price target raised to $120 from $110 at Stifel
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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