Goldman Sachs Upgrades J.M. Smucker (SJM) to Buy, Sees Strong EPS and Cash Returns
Tweet
Share
E-mailGet Alerts SJM Hot Sheet
Price: $117.46 --0%
Rating Summary:
8 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 2
Rating Summary:
8 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 2
Join SI Premium – FREE
Goldman Sachs upgraded J.M. Smucker (NYSE: SJM) from Neutral to Buy with a price target of $90.00 (from $85.00).
The firm is telling clients to buy the stock as it will benefit from an advantaged cost profile, underappreciated end-user demand growth and best-in-class cash returns to shareholders.
"SJM's input cost outlook remains favorable given high coffee and peanut exposure – an attribute that is becoming increasingly scarce," the analyst comments. "And its heavy exposure to the coffee category’s secular premiumization trend offers a sustained sales growth advantage. Price growth will ebb and flow with inputs, but SJM is equipped to deliver above average volume/mix sales growth."
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 $76.70 yesterday.
The firm is telling clients to buy the stock as it will benefit from an advantaged cost profile, underappreciated end-user demand growth and best-in-class cash returns to shareholders.
"SJM's input cost outlook remains favorable given high coffee and peanut exposure – an attribute that is becoming increasingly scarce," the analyst comments. "And its heavy exposure to the coffee category’s secular premiumization trend offers a sustained sales growth advantage. Price growth will ebb and flow with inputs, but SJM is equipped to deliver above average volume/mix sales growth."
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 $76.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Datadog (DDOG) to Overweight
- BMO Capital Upgrades Equity Residential (EQR) to Outperform
- Morgan Stanley Upgrades Galp Energia (GALP:SM) (GLPEY) to Equalweight
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
