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J.M. Smucker initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of J.M. Smucker (SJM) with an Outperform rating and $117 price target Smucker presents “a compelling valuation with superior growth prospects relative to peers,” says the analyst, who forecasts a “robust” expected EPS compound annual growth rate of about 9% through FY28, primarily driven by recovery in the coffee segment and operational efficiencies.

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