Jefferies lifts Smucker target to $140, keeps buy rating
Jefferies raised its price target on J.M. Smucker to $140 from $129 and kept a buy rating, citing moderating coffee prices and a recovery in first-quarter retail volumes.
SJM J.M.
Smucker seems to be the only food stock really working.
Jefferies hiked its price target to $140 from $129 and kept a buy rating.
Moderating Coffee prices helped the Folgers and Bustelo owner's retail volumes recover for the first quarter.
We'd rather play Coffee deflation via Club name SBUX Starbucks.
Have faith in the turnaround under CEO Brian Niccol. - per Cramer Investing Club Newsletter