UPDATE: Credit Suisse Initiates Coverage on The J.M. Smucker Company with Neutral Rating, $115 PT Awaiting Better Entry Point

In a report published Wednesday, Credit Suisse analyst Robert Moskow initiated coverage on The J.M. Smucker Company 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.