Stifel analyst Matthew Smith resumed coverage of J.M. Smucker with a Hold rating and $168 price target. Smucker is divesting a significant portion of its Pet portfolio, representing 20% of company sales, to concentrate on the areas of fastest growth, notes the firm, which also points out the the Jif recall has weighed on results.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SJM:
- Argus upgrades J.M. Smucker to Buy amid market share gains
- J.M. Smucker upgraded to Buy from Hold at Argus
- J.M. Smucker price target raised to $159 from $153 at Deutsche Bank
- 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