TD Cowen analyst Robert Moskow lowered the firm’s price target on J.M. Smucker to $140 from $150 and keeps a Buy rating on the shares. The firm met with management whose emphasis on softness in consumer demand for snack cakes and coffee is consistent with the trends in our tracking data. The lower target reflects a lower valuation multiple for slower top-line growth but they continue to view the company as well-positioned longer term.
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>>
Read More on SJM:
- J.M. Smucker initiated with a Neutral at DA Davidson
- J.M. Smucker price target raised to $132 from $129 at Barclays
- 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