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Fly News Breaks for April 1, 2019
SJM
Apr 1, 2019 | 07:58 EDT
Argus analyst Stephen Biggar initiated J.M. Smucker with a Hold rating. In a research note to investors, Biggar says that while Smucker has many well-known food and beverage brands, he expects it to face continued earnings and margin pressure in the near-term as an established pet food provider enters the premium pet food space where Smucker currently performs well. The analyst sees 2019 EPS of $8.00, at the low end of management's guidance range, and sees 2020 EPS of $8.24.
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