Deutsche Bank raised the firm’s price target on J.M. Smucker to $126 from $125 and keeps a Hold rating on the shares. The company’s fiscal Q2 report is a step forward, but a host of questions remain, the analyst tells investors in a research note.
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Read More on SJM:
- JM Smucker (NYSE:SJM) Gains on Strong Q2 Performance
- J.M. Smucker sees Q3 adjusted EPS up low-single digits y/y, consensus $2.43
- J.M. Smucker sees annual cost synergies of approximately $100M
- J.M. Smucker sees Q3 SSS up mid single digits
- J.M. Smucker cuts FY24 free cash flow view to $530M from $650M