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Bank of America Securities Reaffirms Their Buy Rating on JM Smucker (SJM)

Tipranks - Tipranks - Sat Feb 28, 6:45AM CST

Bank of America Securities analyst Peter Galbo reiterated a Buy rating on JM Smucker today and set a price target of $135.00.

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According to TipRanks, Galbo is a 2-star analyst with an average return of 0.4% and a 48.75% success rate. Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, McCormick & Company, and Tyson Foods.

In addition to Bank of America Securities, JM Smucker also received a Buy from RBC Capital’s Nik Modi in a report issued today. However, on the same day, TD Cowen 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 January 31, the company reported a quarterly revenue of $2.34 billion and a GAAP net loss of $724.2 million. In comparison, last year the company earned a revenue of $2.19 billion and had a GAAP net loss of $662.3 million

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