Citi analyst Thomas Palmer lowered the firm’s price target on J.M. Smucker to $152 from $153 and keeps a Buy rating on the shares. The company reported a fiscal Q3 sales and earnings beat but with a somewhat mixed outlook for Q4, the analyst tells investors in a research note. The firm believes there could be conservatism in the outlook, noting Smucker’s earnings have outpaced the consensus for 18 straight quarters.
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