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Fly News Breaks for December 11, 2019
Dec 11, 2019 | 16:57 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of J.M. Smucker with a Hold rating and $108 price target. The analyst points to the company's "significant competitive headwinds", especially in premium dog food, while category challenges in its mainstream coffee and peanut butter products also persist. Alwy adds that while the 13-times next-twelve-months earnings multiple appears "compelling", she has doubts about the company's near term turnaround prospects.
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