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Fly News Breaks for October 21, 2015
SJM
Oct 21, 2015 | 07:03 EDT
Deutsche Bank analyst Eric Katzman says J.M. Smucker's free cash flow strength and "low" valuation is compelling. While most investors are focusing on the FY16 sales guidance cut, the company's "robust" free cash flow is a better leading indicator for value creation, Katzman tells investors in a post-investor day research note. He lowered his price target for shares to $126 from $128 and keeps a Buy rating on the name. He views the stock's current risk/reward as compelling.
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