J.M. Smucker (SJM) PT Raised to $110 at Jefferies; Remains Sidelined on Growth Uptick Reversal Next Year

Jefferies analyst Rob Dickerson raised the price target on J.M. Smucker (NYSE: SJM) to $110.00 (from $108.00) while maintaining a Hold rating following a meeting with management.

Dickerson commented, "We found the commentary around the current state of the business positive and encouraging, with no real red flags thrown, but remain sidelined given potential growth uptick reversal risk next year and ongoing foodservice volatility."

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