Goldman Sachs Downgrades J.M. Smucker on Valuation Call (SJM)

Goldman Sachs Downgrades J.M. Smucker on Valuation Call (SJM)

RSS

Analysts at Goldman Sachs downgraded The J.M. Smucker Company (SJM) to “Neutral” on Friday.

J.M. Smucker’s rating was lowered from “Buy” to “Neutral” by the analysts. The downgrade was a valuation call based on a $93 price target. This target is a +3.5% upside to Thursday’s closing price of $89.84.

J.M. Smucker shares were flat during premarket trading on Friday. The stock is up +16.04% over the past year.

The Bottom Line
Shares of J.M. Smucker Company (SJM) have a 2.32% dividend yield, based on last night’s closing stock price of $89.84. The stock has technical support in the $84 price area. The shares are trading at all-time highs.

The J.M. Smucker Company (SJM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today