B of A Securities Rates The J. M. Smucker (SJM) buy

B of A Securities continues to endorse J. M. Smucker with a buy rating and a price target of $132, a 12.98% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:16 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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B of A Securities rated The J. M. Smucker Company ($SJM) "buy" with a $132 price target on June 10, 2026.

Since the rating, $SJM is down 3.5% after 1 week, down 4.7% after 1 month and up 9.9% to date (from the $115.96 close on Jun 10, 2026).

SJM The J. M. Smucker Company

$127.43 +35.94% year to date

Daily close · Oct 16, 2026

Key Points

On June 10, 2026, B of A Securities reiterated its buy rating for J. M. Smucker (NYSE: SJM) with a price target set at $132.00.
The stock is currently priced at $116.84, well below its 52-week high of $135.89, suggesting potential upside.
Analysts generally favor J. M. Smucker, with a consensus target mean price of $141.44 and 16 opinions supporting its buy rating.

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B of A Securities Stands Firm on Smucker

On June 10, 2026, B of A Securities reiterated its buy rating for J. M. Smucker Company (NYSE: SJM) with a price target of $132. This comes as the stock is trading at $116.84, which could indicate room for growth given its recent performance and market dynamics.

Comparing Wall Street Ratings

B of A's decision aligns with several other analysts' recent evaluations. For instance, on October 15, 2026, Bernstein maintained an outperform rating with a target of $160. Similarly, Barclays also held its equal-weight rating with a revised target of $145, up from $125. Analysts from TD Cowen and Evercore ISI Group have likewise maintained their positions, with targets of $136 and $150 respectively, showcasing a generally positive outlook for J. M. Smucker.

Stock Position and Market Dynamics

The shares of J. M. Smucker are currently trading below their 50-day moving average of $121.25, and its 52-week range highlights a low of $88.25 and a high of $135.89. The current trading price suggests it is positioned for potential recovery as it seeks to regain momentum in the consumer defensive sector.

12-month forecast

$SJM price target

The J. M. Smucker Company daily closes and this analyst's $132 target. Not advice.

Recent Earnings

In its last earnings report, J. M. Smucker posted revenue of approximately $9.16 billion, reflecting a growth rate of 5%. The next earnings report is scheduled for November 24, 2026, which may offer further insights into the company's financial health and performance metrics. The company reported an EPS of 2.14, a net margin of about 2.5%, and a return on equity (ROE) of 3.93%, which together highlight its operational efficiency.

Analysts Set New Price Targets

In addition to B of A Securities, multiple firms have consistently supported J. M. Smucker. On August 27, 2026, RBC Capital and Wells Fargo both maintained outperform and overweight ratings, respectively, indicating a strong consensus among analysts. The mean target price among analysts stands at $141.44, suggesting analysts are optimistic about the stock's future performance.

What SJM Does

The J. M. Smucker Company, headquartered in Orrville, Ohio, produces a variety of branded food and beverage products. They operate in several segments, including retail coffee, pet foods, and sweet baked snacks, selling well-known brands like Folgers, Jif, and Dunkin'. This diversified portfolio is a strong asset as they navigate market challenges.

What's Ahead for SJM

Investors should keep an eye on the upcoming earnings report on November 24, 2026, as it will provide valuable insights into J. M. Smucker's performance. As a reminder, B of A Securities' reiteration of its buy rating is based on previous analyses and may not reflect the current market situation. Overall, the stock remains a strong play in the packaged foods industry, supported by favorable analyst opinions.