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Fly News Breaks for April 8, 2019
SJM
Apr 8, 2019 | 07:40 EDT
Credit Suisse analyst Robert Moskow upgraded J.M. Smucker to Neutral from Underperform and raised his price target on the shares to $120 from $96. The analyst continues to harbor long-term concerns about the company's competitive positioning in the pet and coffee categories, but recent improvement in retail sales trends and the margin expansion in its Coffee division have exceeded his expectations. These trends increase Moskow's confidence that the company will achieve its 3%-4% EPS growth guide for FY20.
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