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Jun 10, 2026 12:00 PM

This JM Smucker Analyst Raises Price Target After Q4 Print, Is 'Executing Where Peers Struggle'

J.M. Smucker Co (NYSE:SJM) is likely to continue outperforming center store food peers as the company is "executing where peers struggle," with further upside from potential Hostess divestiture, according to Bank of America analyst Peter Galbo

The J.M. Smucker Analyst: On the heels of its fiscal fourth-quarter report, Galbo maintained his Buy rating for J.M. Smucker. He also raised the price target from $130 to $132.

The J.M. Smucker Thesis: Despite significant macro headwinds, the company guided fiscal 2027 earnings at $10 per share at the midpoint, Galbo said in the note.

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J.M. Smucker's flat net sales guidance for the first quarter of fiscal 2027 appears conservative, given that the Nielsen scanner data for May suggests around 5% year-on-year growth, the analyst stated.

The ...