DA Davidson initiated coverage of J.M. Smucker with a Neutral rating and $132 price target. The analyst sees some risk to the recent Hostess Brands acquisition. Hostess is a great business but may have been purchased “too late rather than too early,” the analyst tells investors in a research note. The firm says that if the Hostess integration continues on plan, it would look to be more constructive.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SJM:
- Apollo Global upgraded, Dell initiated: Wall Street’s top analyst calls
- J.M. Smucker price target lowered to $150 from $158 at TD Cowen
- J.M. Smucker price target lowered to $152 from $153 at Citi
- J.M. Smucker upgraded to Buy from Hold at Stifel
- J.M. Smucker price target raised to $109 from $108 at Goldman Sachs
