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Stock impact report

Smucker (SJM) Target Trimmed by Deutsche Bank amid Sector Headwinds [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
Smucker (SJM) Target Trimmed by Deutsche Bank amid Sector Headwinds On March 30, Deutsche Bank lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $97 from $117 and kept a Hold rating on the shares. The firm said it is seeing “legitimate and widespread pressures building” across much of the consumer packaged goods sector, tied to the conflict in the Middle East. The analyst noted that stocks in the space underperformed in March, pointing to cost inflation concerns, the risk of demand weakening as consumers trade down, and unfavorable currency movements. On March 11, Bernstein upgraded Smucker to Outperform from Market Perform. It also raised its price target on the stock to $145 from $121. The firm pointed to continued deflation in green coffee costs and the involvement of Elliott Management as key reasons for the upgrade. The analyst said Elliott could push for portfolio changes and improvements in productivity at the company. Bernstein also noted that gr Show less Read more
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