J.M. Smucker price target raised to $145 as coffee costs fall below $3
Bernstein upgraded J.M. Smucker to Outperform from Market Perform and lifted its price target to $145 from $121. The upgrade cites green coffee costs falling from over $4 per pound in 2025 to under $3 and the arrival of Elliott Management to drive portfolio changes.
1. Bernstein Raises Price Target to $145
Bernstein upgraded J.M. Smucker to Outperform from Market Perform and increased its price target to $145 from $121, reflecting a more optimistic outlook on profitability and growth prospects.
2. Green Coffee Prices Fall Under $3
Green coffee commodity prices have declined from above $4 per pound in 2025 to below $3, easing a major input cost and supporting potential margin expansion for Smucker.
3. Elliott Management to Drive Changes
The arrival of activist investor Elliott Management is expected to prompt portfolio repositioning and productivity initiatives aimed at enhancing operational efficiency and shareholder returns.