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Fly News Breaks for July 28, 2017
SJM
Jul 28, 2017 | 06:45 EDT
Jefferies analyst Akshay Jagdale upgraded J.M. Smucker to Buy saying the recent share weakness is overdone. The analyst sees "multiple" near-term positive catalysts, including management's recently increased cost-savings target, accretion from Wesson and the upcoming K-Cup contract renegotiation that could accelerate earnings growth. Jagdale raised his price target for the shares to $140 from $130.
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