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.
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:
- The J.M. Smucker Co. Announces Fiscal 2024 Third Quarter Results
- Notable companies reporting before tomorrow’s open
- SJM Upcoming Earnings Report: What to Expect?
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley
- J.M. Smucker price target raised to $158 from $136 at TD Cowen