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Fly News Breaks for April 18, 2019
SJM
Apr 18, 2019 | 07:16 EDT
As previously reported, Morgan Stanley analyst Pamela Kaufman upgraded J.M. Smucker to Equal Weight from Underweight as she believes the company's reinvestment strategy will drive improved topline momentum across its key segments and should allow the company to return to positive organic growth in FY20. Kaufman, who believes that the company's preliminary FY20 outlook for 3-4% EPS growth is "reasonable," raised her price target on J.M. Smucker shares to $117 from $104.
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