According to Goldman Sachs, J.M. Smucker (NYSE: SJM) is upgraded to Buy.
Goldman Sachs said that it adds shares to its conviction buy list. “We are raising our 12-month price target to $86 from $81, now based on 14.5X P/E (50%) and 9X EV/EBITDA (50%) from P/E only.”
J.M. Smucker closed yesterday at $72.40.
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