Barclays analyst Andrew Lazar reinstated coverage of J.M. Smucker with an Equal Weight rating and $165 price target. The analyst views the recently closed pet food transaction between J.M. Smucker and Post Holdings as mutually beneficial. Smucker is left with a more focused, profitable, and faster growing portfolio, the analyst tells investors in a research note.
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Published first on TheFly
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- J.M. Smucker completes divestiture of several pet food brands to Post Holdings
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