SJM - J.M. Smucker named a catalyst call buy idea at Deutsche Bank

Deutsche Bank fires off a catalyst call buy idea on J.M. Smucker (SJM) ahead of the company's earnings report.The firm points specifically to initiatives from management and strong execution.The food company’s FQ4 earnings release and FY22 guidance update are called potential near-term catalysts for the stock."Specifically, we expect management to guide FY22 in line with prior commentary and above current market expectations due to under-appreciated inflation offsets such as forward buys on commodities, pricing, mix, and cost savings," updates DB.J.M. Smucker is due to report earnings on June 3. Analysts expect revenue of $1.88B and EPS of $1.65. SJM has recorded double beats in four straight quarters.

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J.M. Smucker named a catalyst call buy idea at Deutsche Bank