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Stock impact report

Barclays Cuts Smucker (SJM) Target to $103 on Cost Concerns; BTIG Starts With Buy at $120 [Yahoo! Finance]

The J.M. Smucker Company (SJM) 
Last the j.m. smucker company earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: jmsmucker.com/investor-relations
Company Research Source: Yahoo! Finance
Barclays Cuts Smucker (SJM) Target to $103 on Cost Concerns; BTIG Starts With Buy at $120 On April 14, Barclays lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $103 from $125. It reiterated an Equal Weight rating on the shares. The firm adjusted targets across the consumer staples group as part of its Q1 preview. It pointed to “growing caution” heading into earnings, mainly tied to rising input costs. In food, the analyst said there are now “building concerns” about how sustainable dividends are for some companies, according to a research note. That same day, BTIG analyst Rob Dickerson initiated coverage of Smucker with a Buy rating and a $120 price target. He said the company's coffee segment has room for profit expansion that the market is not fully recognizing at current levels. In his view, Smucker's broader portfolio is also better positioned as U.S. consumption trends continue to shift. The J. M. Smucker Company (NYSE:SJM) manufactures and mark Show less Read more
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