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Fly News Breaks for November 13, 2019
SJM
Nov 13, 2019 | 06:17 EDT
Credit Suisse analyst Robert Moskow downgraded J.M. Smucker to Underperform from Neutral with a price target of $95, down from $100. With consensus already below management's FY20 guidance of $8.35-$8.55, Moskow tells investors in a research note that it is fair to say that J.M. Smucker is already an out-of-favor stock, but believes that consensus and the market underestimate the extent to which earnings will need to be revised lower as structural challenges continue to mount.
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