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UPDATE: Hilliard Lyons Initiates JM Smucker at Neutral on Valuation

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Hilliard Lyons initiated coverage on JM Smucker (NYSE: SJM) with a Neutral rating pending a better entry opportunity.

Hilliard Lyons commented, "We like the company's high quality product portfolio, strong market share positions, good history of earnings and dividend growth, and generation of free cash flow. We also consider the management team, including the acumen and active leadership of the Smucker family, a key positive factor. With the shares slightly above average historical valuations, we prefer to wait for a slightly lower price for potential purchases."

JM Smucker closed at $87.47 on Thursday.

Latest Ratings for SJM

DateFirmActionFromTo
Aug 2015Credit SuisseUpgradesNeutralOutperform
Jun 2015KeyBancMaintainsOverweight
Jun 2015Deutsche BankMaintainsBuy

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View the Latest Analyst Ratings

Posted-In: Hilliard LyonsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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