Barclays Reaffirms Their Hold Rating on JM Smucker (SJM)
In a report released today, Andrew Lazar from Barclays maintained a Hold rating on JM Smucker, with a price target of $125.00.
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According to TipRanks, Lazar is a 2-star analyst with an average return of 0.6% and a 50.86% success rate. Lazar covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, JM Smucker, and McCormick & Company.
In addition to Barclays, JM Smucker also received a Hold from Bernstein’s Alexia Burland Howard in a report issued on February 27. However, on the same day, Bank of America Securities reiterated a Buy rating on JM Smucker (NYSE: SJM).
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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- J.M. Smucker price target raised to $117 from $112 at Deutsche Bank
- J.M. Smucker price target raised to $124 from $112 at TD Cowen
- J.M. Smucker price target raised to $120 from $110 at Stifel
- J.M. Smucker price target raised to $132 from $117 at UBS
- J.M. Smucker price target raised to $130 from $122 at JPMorgan
