Smucker's Price Target Soars to $139 as Analysts Bullish on Company

The J.M. Smucker Company (NYSE:SJM) received an increased price target from JPMorgan Chase & Co. to $139.00, up from a previous estimate of $125.00.

This move follows the company's quarterly earnings report on June 9th, where they exceeded analysts' expectations with a profit of $2.77 per share, beating estimates by $0.13.

JPMorgan Chase & Co.'s updated price target would indicate a potential upside of 15.25% from the stock's previous close of $120.61.