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Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Conagra Brands (CAG) and JM Smucker (SJM)

Tipranks - Thu Jun 11, 4:44AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Conagra Brands (CAG) and JM Smucker (SJM).

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Conagra Brands (CAG)

Bank of America Securities analyst Yasmine Deswandhy maintained a Sell rating on Conagra Brands yesterday and set a price target of $13.00. The company’s shares closed last Tuesday at $13.14.

Conagra Brands has an analyst consensus of Hold, with a price target consensus of $14.73, representing an 11.1% upside. In a report issued on June 3, Bernstein also downgraded the stock to Sell with a $12.00 price target.

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JM Smucker (SJM)

Wells Fargo analyst Marc Torrente maintained a Buy rating on JM Smucker yesterday and set a price target of $125.00. The company’s shares closed last Tuesday at $112.39.

According to TipRanks.com, Torrente ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -22.9% and a 16.7% success rate. Torrente covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, MGP Ingredients, and Post Holdings. ;'>

Currently, the analyst consensus on JM Smucker is a Moderate Buy with an average price target of $117.21, which is a 9.6% upside from current levels. In a report issued on June 4, Bernstein also maintained a Buy rating on the stock with a $134.00 price target.

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