FinanceAdmin•Yahoo Finance RSS•6 hours ago
Barclays Lowers Smucker Target Price Amid Cost Worries; BTIG Initiates Coverage with Buy Rating
Barclays has cut its target price for Smucker to $103 due to cost concerns, while BTIG has begun coverage with a 'Buy' rating at $120.
- • Barclays has reduced its price target for The J.M. Smucker Company (SJM) to $103, citing concerns over rising costs affecting profitability.
- • Despite the downgrade from Barclays, BTIG has initiated coverage of Smucker with a 'Buy' rating and a target price of $120, indicating confidence in the company's long-term potential.
- • The contrasting views from Barclays and BTIG highlight differing perspectives on Smucker's ability to navigate current economic challenges.
Source: Yahoo Finance RSS
Read original →
