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Bernstein Sticks to Their Buy Rating for JM Smucker (SJM)

Tipranks - Tipranks - Fri Jun 12, 4:28AM CDT

Bernstein analyst Alexia Burland Howard maintained a Buy rating on JM Smucker yesterday and set a price target of $137.00. The company’s shares closed yesterday at $117.05.

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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and Kraft Heinz. According to TipRanks, Burland Howard has an average return of -8.5% and a 40.49% success rate on recommended stocks.

In addition to Bernstein, JM Smucker also received a Buy from BTIG’s Robert Dickerson in a report issued yesterday. However, on the same day, TD Cowen assigned a Hold rating to JM Smucker (NYSE: SJM).

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Based on JM Smucker’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.27 billion and a net profit of $388.1 million. In comparison, last year the company earned a revenue of $2.14 billion and had a GAAP net loss of $729 million

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