** J.M. Smucker <SJM.N> on Tuesday forecast annual profit below estimates as surge in coffee costs could squeeze margin

** Average rating of 29 analysts is "hold"; median PT is $115 - data compiled by LSEG

** Shares up ~3% on Wednesday

TARIFFS GONE, BUT POCKETS OF WEAKNESS REMAIN

** Bernstein ("market-perform"; PT: $113) worries health and wellness trends still pressure snacking segment, despite efforts to step up marketing, innovation

** Stifel ("hold"; PT: $110) says composition of quarter was slightly different, with softer profit performance for Sweet Baked Snacks, Frozen Handhelds and Spreads segments offset by coffee performance, continued momentum in its Away From Home business

** Jefferies ("buy"; PT: $128) says coffee outperformed on better-than-anticipated elasticities, while tariff removal means no winter price increase

** Wells Fargo ("buy"; PT: $128) sees strong EPS growth in near future relative to peers, where profit growth visibility is low

** William Blair ("market perform") sees SJM's diversified portfolio coupled with disciplined cost management, operations execution support a shareholder return opportunity in line with broader market

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))