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Analysts Lower J.M. Smucker’s Target Price after Tepid 1Q Results

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Aug. 28 2017, Updated 10:36 a.m. ET

Target price lowered

The majority of analysts providing recommendations for J.M. Smucker (SJM) stock are maintaining a “neutral” outlook. However, SJM stock witnessed a series of target price downgrades following the company’s dismal fiscal 1Q18 results and bleak outlook. Falling sales, unfavorable pricing, increased marketing spending, and higher commodity costs could dent its margins in the near term.

Following the company’s fiscal 1Q18 results, Deutsche Bank reduced its target price for SJM stock to $120 from $131. Credit Suisse lowered its target price to $110 from $120. Morgan Stanley reduced its target price on SJM stock to $108 with an “underweight” recommendation.

As of August 24, 2017, SJM stock closed at $107.51, reflecting a 14.2% upside to analysts’ target price of $122.79.

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Rating summary

Analysts currently have given SJM stock a score of 2.9 on a scale of 1.0 to 5.0. A score of 1.0 denotes a “strong buy,” and a score of 5.o reflects a “strong sell.” Of the 18 analysts covering the stock, 22.0% have rated it a “buy,” 61.0% have recommended a “hold,” and 17.0% have maintained a “sell” rating.

In comparison, of the 21 analysts covering Kellogg (K) stock, 19.0% have recommended a “buy,” 67.0% have maintained a “hold,” and 14.0% have rated it a “sell.” As for Conagra Brands (CAG), 64.0% of the 14 analysts covering the stock have maintained a “buy” rating, 22.0% have recommended a “hold,” and 14.0% have rated it a “sell.” Of the 19 analysts covering Kraft Heinz (KHC) stock, 74.0% have recommended a “buy,” and 26.0% continue to maintain a “hold” rating.

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