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Wells Fargo Sticks to Their Buy Rating for JM Smucker (SJM)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

In a report released today, Christopher Carey from Wells Fargo maintained a Buy rating on JM Smucker, with a price target of $120.00.

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According to TipRanks, Carey is a 2-star analyst with an average return of 0.6% and a 46.92% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark.

Currently, the analyst consensus on JM Smucker is a Moderate Buy with an average price target of $117.10.

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Based on JM Smucker’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.33 billion and a net profit of $241.3 million. In comparison, last year the company earned a revenue of $2.27 billion and had a GAAP net loss of $24.5 million

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