TD Cowen has increased its price target for The J.M. Smucker Company (SJM) to $112 from $105, maintaining a Hold rating after a constructive CAGNY presentation, which suggested positive commentary on fiscal 2026. This update follows earlier actions by other firms, with Barclays reaffirming a Hold rating with a $105 target and Morgan Stanley downgrading SJM to Equal Weight with a $105 target due to increasing competitive risks in the U.S. food sector. Despite SJM’s potential, the article highlights a greater promise in AI stocks for higher returns and limited downside risk.
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TD Cowen Lifts PT on The J.M. Smucker Company (SJM) to $112 From $105 – Here’s Why
TD Cowen has increased its price target for The J.M. Smucker Company (SJM) to $112 from $105, maintaining a Hold rating after a constructive CAGNY presentation, which suggested positive commentary on fiscal 2026. This update follows earlier actions by other firms, with Barclays reaffirming a Hold rating with a $105 target and Morgan Stanley downgrading SJM to Equal Weight with a $105 target due to increasing competitive risks in the U.S. food sector. Despite SJM’s potential, the article highlights a greater promise in AI stocks for higher returns and limited downside risk.