J.M. Smucker price target lowered to $130 from $140 at Wells Fargo

Wells Fargo lowered the firm’s price target on J.M. Smucker to $130 from $140 and keeps an Overweight rating on the shares. The firm remains bullish despite a disappointing update, anchoring to positives, even if it acknowledges the stock may not do much very near-term pending second half of the year visibility.