TD Cowen Lifts PT on The J.M. Smucker Company (SJM) to $112 From $105 – Here’s Why

Noor Ul Ain Rehman

Sun, February 22, 2026 at 9:22 PM GMT+9 2 min read

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The J.M. Smucker Company (NYSE:SJM) is one of the best sugar stocks to buy according to hedge funds. On February 20, TD Cowen lifted the price target on The J.M. Smucker Company (NYSE:SJM) to $112 from $105 and maintained a Hold rating on the shares. The rating update came after the CAGNY presentation, with the firm telling investors in a research note that the company’s commentary was constructive on fiscal 2026.

Morgan Stanley Cuts Smucker (SJM) Target After Strong Run, Flags Margin Recovery Risk

Separately, The J.M. Smucker Company (NYSE:SJM) has received several rating updates since the beginning of the year, with Barclays reaffirming a Hold rating on the stock on January 19 and setting a price target of $105.

In addition, Morgan Stanley downgraded The J.M. Smucker Company (NYSE:SJM) to Equal Weight from Overweight on January 16, bringing the price target down to $105 from $115 after a period of solid relative share outperformance. The firm told investors that the U.S. food sector is facing increasing competitive risk with value-focused pricing, private label momentum, and promotions accelerating into 2026. These trends are adding to the “already present” sales pressures, limiting the scope for margin recovery.

The J.M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products under a portfolio of brands. The company offers various products such as sweeteners, jams, and more. Its operations are divided into four segments: Sweet Baked Snacks, US Retail Coffee, US Retail Frozen Handheld and Spreads, and US Retail Pet Foods.

While we acknowledge the potential of SJM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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