SJM - J.M. Smucker's Q1 Performance Outshines Peers: Analyst Spotlights Strong Brands Leverage & Category Reach | Benzinga
Stifel analyst Matthew E. Smith reiterated a Hold rating on J.M. Smucker Company (NYSE: SJM), lowering the price target to $150 from $160.
The company reported Q1 adjusted EPS of $2.21, beating the consensus of $2.04.
The analyst thinks the top-line momentum and volume growth is a stand-out performance relative to its peers, which are plagued by a weak volume environment even as pricing wanes.
The outperformance relative to peers is supported by Smucker's ...