J.M. Smucker (SJM) Stock Rises, Credit Suisse: Concerns Overdone
NEW YORK (TheStreet) -- J.M. Smucker (SJM) - Get Report shares are gaining 0.06% to $127.16 on Friday morning after Credit Suisse issued a positive note reiterating its "outperform" rating and $142 price target.
Market sentiment for Smucker shares have "turned tepid," this year, given concerns about slowing revenue growth and whether the company will need to reinvest its synergies back into the business to revive it. however, the firm believes these worries are "overdone."
Instead, analysts see sufficient tailwinds and consider the stock to be "one of the best risk-reward propositions in the space", according to the firm's note.
Based in Orrville, OH, J. M. Smucker manufactures and markets branded food products worldwide.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A-.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: SJM
