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Stock impact report

Stifel Cuts J.M. Smucker (SJM) PT as Food Sector Earnings Face Pressure [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
On April 21, Stifel lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $100 from $120. It reiterated a Hold rating on the shares. The analyst said food group earnings remain under pressure. Volume growth has been weak, and companies are spending more to support their brands, which is weighing on margins. Even after those investment cycles are through, sales growth may remain modest. On April 14, Barclays lowered its price target on Smucker to $103 from $125. It maintained an Equal Weight rating on the shares. The firm adjusted targets across the consumer staples group as part of a Q1 preview. Barclays noted “growing caution” heading into earnings due to higher input costs. In food, there are “building concerns” around the sustainability of the dividend for certain companies, the analyst said in a research note. The J. M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products worldwide. Its portfolio includes a range of bran Show less Read more
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