JPMorgan Lowers Price Target for J.M. Smucker Amid Reduced Forward Estimates
On May 19, JPMorgan cut its price target on The J.M. Smucker Company (SJM) to $120 from $130 while maintaining an Overweight rating ahead of the company's Q4 report due on June 9. This adjustment reflects lower forward estimates and reduced valuation multiples in the food sector.
Topics: JPMorgan price target cut Smucker's earnings outlook