Goldman Sachs Downgrades J.M. Smucker (SJM) to Neutral

March 12, 2012 7:21 AM EDT
Get Alerts SJM Hot Sheet
Price: $123.05 +0.17%

Rating Summary:
    15 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Goldman Sachs downgraded J.M. Smucker (NYSE: SJM) from Buy to Neutral with a price target of $83.

The firm "no longer see significant upside to earnings estimates over the medium term and believe its valuation discount is no longer compelling."

For an analyst ratings summary and ratings history on J.M. Smucker click here. For more ratings news on J.M. Smucker click here.

Shares of J.M. Smucker closed at $75.44 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades

Related Entities

Goldman Sachs, Earnings