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.Check out other analyst stock ratings.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 guidance reflects that low-single-digit pricing growth is offset by volume and mix, while coffee deflation could have a stronger impact starting in the fiscal second quarter, he added.For adjusted earnings growth, management expects:
Mid-teens growth in the first quarter
Accelerate above mid-teens in the second quarter
Decelerating to low-single-digit growth in the third quarter
Flat to slightly down in the fourth quarter
