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JM Smucker (SJM) Gets a Buy from Wells Fargo

Tipranks - Tipranks - Wed Feb 25, 7:16AM CST

Wells Fargo analyst Christopher Carey maintained a Buy rating on JM Smucker on February 20 and set a price target of $120.00. The company’s shares closed yesterday at $110.38.

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According to TipRanks, Carey is a 4-star analyst with an average return of 2.7% and a 52.44% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Conagra Brands, Kimberly Clark, and General Mills.

In addition to Wells Fargo, JM Smucker also received a Buy from RBC Capital’s Nik Modi in a report issued today. However, on February 20, Barclays maintained a Hold rating on JM Smucker (NYSE: SJM).

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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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