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Fly News Breaks for September 27, 2016
SJM
Sep 27, 2016 | 05:59 EDT
Credit Suisse analyst Robert Moskow downgraded J.M. Smucker to Neutral saying that while the company raised its cost savings target as expected, he underestimated the hit to sales from difficult comparisons. The analyst also sees "no easy answers" for stabilizing the "struggling pet food division." He lowered his price target for Smucker shares to $145 from $158.
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