TD Cowen lowered the firm’s price target on J.M. Smucker to $132 from $135 and keeps a Buy rating on the shares. The firm noted 1Q EPS beat estimates and organic sales of +1% was in-line, but Hostess missed and management lowered sales and EPS guide for FY25.
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Read More on SJM:
- J.M. Smucker cites ‘inflationary pressures’ for revised FY25 guidance
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- J.M. Smucker cuts FY25 adjusted EPS view to $9.60-$10.00 from $9.80-$10.20
- J.M. Smucker reports Q1 adjusted EPS $2.44, consensus $2.17
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