Morgan Stanley lowered the firm’s price target on J.M. Smucker (SJM) to $104 from $118 and keeps an Equal Weight rating on the shares. The firm is adjusting estimates across its packaged foods coverage to reflect recent trends, including a more challenging forward commodity outlook following the recent move higher in oil, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- J.M. Smucker price target lowered to $100 from $120 at Stifel
- Tesla upgraded, AppLovin initiated: Wall Street’s top analyst calls
- J.M. Smucker price target lowered to $103 from $125 at Barclays
- J.M. Smucker initiated with a Buy at BTIG
- Conagra Brands names John Brase as CEO, succeeding Sean Connolly