Barclays lowered the firm’s price target on J.M. Smucker (SJM) to $103 from $125 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the consumer staples group as part of a Q1 preview. Barclays has “growing caution” on the group into the prints due to higher input costs. In food, there are now “building concerns” around the sustainability of the dividend for certain companies, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- J.M. Smucker initiated with a Buy at BTIG
- Conagra Brands names John Brase as CEO, succeeding Sean Connolly
- J.M. Smucker price target lowered to $125 from $132 at BNP Paribas
- J.M. Smucker price target lowered to $125 from $135 at Wells Fargo
- J.M. Smucker price target lowered to $97 from $117 at Deutsche Bank