UPDATE: Credit Suisse Initiates Coverage on The J.M. Smucker Company Awaiting Better Entry Point
In a report published Wednesday, Credit Suisse analyst Robert Moskow initiated coverage on The J.M. Smucker Company (NYSE: SJM) with a Neutral rating and $115.00 price target.
In the report, Credit Suisse noted, “We are initiating coverage on J.M. Smucker Co. with a Neutral rating and a target price of $115. Smucker is a high-quality company that deserves to be a core holding for investors in this space. However, with market expectations for Smucker already so high, we think investors should wait for a better entry point.”
The J.M. Smucker Company closed on Tuesday at $107.41.
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