Bank of America Upgrades J.M. Smucker Stock Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Source: CNBC
- Rating Upgrade: Bank of America upgraded J.M. Smucker's stock from neutral to buy and raised its price target from $120 to $130, indicating a potential upside of 17.7% from last Friday's close, reflecting confidence in the company's future performance.
- Acquisition Risk Eased: The bank believes that the risks associated with J.M. Smucker's 2023 acquisition of Hostess Brands have subsided; while the company acknowledged potential near-term volatility at the CAGNY conference, analysts expect that optimizing manufacturing and ending certain promotions will stabilize profitability.
- Strong Core Business: Analysts noted that J.M. Smucker's core segments, including Coffee, Pet, Peanut Butter, and Jelly, continue to show strong fundamentals, which are expected to drive long-term growth, particularly with products like Uncrustables that appeal to younger consumers.
- Future Buyback Expectations: The company hinted at potential stock buybacks and indicated no further acquisitions, which is seen as a positive signal for the food and beverage manufacturer, although most analysts remain on the sidelines, with 12 out of 19 rating the stock as a hold.
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Analyst Views on SJM
Wall Street analysts forecast SJM stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 95.490
Low
105.00
Averages
116.10
High
130.00
Current: 95.490
Low
105.00
Averages
116.10
High
130.00
About SJM
The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food and beverage products on a worldwide basis. The Company's branded food and beverage products include a portfolio of brands that are sold to consumers primarily through retail outlets in North America. The Company operates through four segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail Pet Foods, and Sweet Baked Snacks. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers, Dunkin', and Cafe Bustelo branded coffee. The U.S. Retail Frozen Handheld and Spreads segment primarily includes the domestic sales of Uncrustables, Jif, and Smucker’s branded products. The U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix, Milk-Bone, Pup-Peroni, and Canine Carry Outs branded products. The Sweet Baked Snacks segment primarily includes all domestic and foreign sales of Hostess branded products across all channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Focus: Investors should closely monitor how the company addresses these challenges, particularly in terms of cost control and market adaptability, to ensure its long-term growth potential.
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