NEW YORK (TheStreet) -- JM Smucker's  (SJM) - Get Report price target was upped to $127 from $125 at Credit Suisse on Friday morning.

JM Smucker's fiscal 2016 first quarter earnings showed strong sales growth in coffee and pet food that Credit Suisse said indicates a tipping point with regard to sales trends.

The firm also noted that the company's $6 billion acquisition of the Big Heart Pet Brands in fiscal 2015 will deliver on its profit targets. 

On Thursday, JM Smucker posted earnings for the most recent quarter of $1.32 per share on revenue of $1.95 billion, reflecting its recent acquisition of the Big Heart Pet Brands and its launch of Dunkin' Donuts (DNKN) - Get Report K-Cup pods this quarter.

JM Smucker is an Orville, Ohio-based manufacturer and marketer of consumer food and beverage products and pet food and pet snacks.

Shares of the company are gaining 0.51% to $116.88 in mid-morning trading today. 

Separately, TheStreet Ratings team rates SMUCKER (JM) CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SMUCKER (JM) CO (SJM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: SJM Ratings Report

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