Deutsche Bank raised the firm’s price target on J.M. Smucker to $159 from $153 and keeps a Hold rating on the shares. The analyst sees increasing risk of economic headwinds building for the consumer staples sector. This makes the firm more concerned about forward company fundamental risk for much of its coverage.
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Read More on SJM:
- J.M. Smucker names Gail Hollander as Chief Marketing Officer
- J.M. Smucker revises FY23 adjusted EPS view to $8.55-$8.75 from $8.35-$8.75
- The J.M. Smucker Co. Announces Fiscal 2023 Third Quarter Results
- J.M. Smucker reports Q3 adjusted EPS $2.21, consensus $2.12
- J.M. Smucker upgraded to Neutral from Sell at UBS
