TD Cowen lowered the firm’s price target on J.M. Smucker to $133 from $158 and keeps an Outperform rating on the shares. The firm said it will take time for investors to trust the Hostess acquisition, but they view the risk-reward on Smucker stock as favorable into 2Q results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SJM:
- J.M. Smucker price target lowered to $125 from $135 at Deutsche Bank
- Largest borrow rate increases among liquid names
- J.M. Smucker price target lowered to $125 from $145 at BofA
- JM Smucker (NYSE:SJM), Kraft Heinz Rise on Analyst Upgrade
- Kraft Heinz upgraded, AMD initiated: Wall Street’s top analyst calls