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Fly News Breaks for October 10, 2018
SJM
Oct 10, 2018 | 07:50 EDT
After attending J.M. Smucker's investor day, Stifel analyst Christopher Growe said the event was focused on the long-term and "void of any new news," including no discussion of the company's Q2 or FY19 outlook. The company's outlook over the next 5 years suggests 2%-3% sales growth, 5% operating profit growth and 8% EPS growth, which would be a continuation of the guidance that has prevailed over the past several years, noted Growe, who keeps a Hold rating and $110 price target on J.M. Smucker shares.
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