TD Cowen analyst Robert Moskow raised the price target on J.M. Smucker (NYSE: SJM) to $115.00 (from $103.00) while maintaining a Hold rating.

The analyst comments "We raise our Smucker FY27 and FY28 EPS to $10.05 and $10.56 and our PT to $115. SJM delivered a decent 4Q beat and confident FY27 EPS guide well ahead of us. We agree that the company's strong balance sheet and visibility relative to peers merits a higher valuation. However, the outsized jump in the stock feels a bit premature given the reliance on record Coffee profits to deliver the year."