J.M. Smucker - Food Producer Impresses With Strong Core Brand Portfolio; Cost-Cutting Measures and the Sale of Peripheral Areas aim to Improve Margins!
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Business drivers: J.M. Smucker (SJM) is particularly well-positioned in the food sector with products like peanut butter, jam, condensed milk, and coffee specialties (Folgers, Bustelo), as well as sweet baked goods and cake specialties. Recently, the company has been struggling with weak sales in the U.S. market, and is planning to counter this by selling off peripheral areas, especially in baked goods, along with further cost-cutting measures. On June 17, Jefferies upgraded its rating from Hold to Buy and lowered the price target from $118...
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