TD Cowen raised the firm’s price target on J.M. Smucker to $158 from $136 and keeps an Outperform rating on the shares. The firm raised its target following a positive check-in with investor relations and analysis of retail tracking data. They are encouraged to hear management express confidence about the early stages of the Hostess acquisition saying that the more they learn, the more confident they get about their cost synergies.
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