Several important events concerning The JM Smucker Company (SJM) were reported recently. The company announced plans to close its Indianapolis manufacturing facility to optimize its Sweet Baked Snacks segment. Financial firm Jefferies raised its price target for SJM, maintaining a hold rating. SJM is looking at shutting down its Indianapolis facility by 2026. Meanwhile, the company strengthened its executive leadership by naming John Brase as the new President and Chief Operating Officer. Several value brands are being divested as part of a broader portfolio optimization strategy. Additionally, SJM made significant progress, announcing its latest quarter results, and making cash tender offers. Some reports suggest that SJM is seeing a boost from strategic optimism and uncrustables growth, and certain analysts predict that SJM could be a potentially lucrative stock to buy. The company's share price, in investor opinion, appears to match its recent performance, despite some price fluctuations. Lastly, Citigroup made a target price adjustment for the company ahead of its fiscal Q4 report.
The JM Smucker Company SJM News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Sat, 31 May 2025 02:02:00 GMT - Rating 5 - Innovation -3 - Information 7 - Rumor -4
