Susquehanna keeps J.M Smucker (NYSE:SJM) listed as a favorite pick in the large cap food sector after meeting with management.
"The company believes premiumization (organic and via M&A, as seen in coffee and pet) and cost discipline will help profit margins over time," notes analyst Pablo Zuanic.
Zuanic and team point to coffee/pet food sales growth and coffee margins as potential catalysts for J.M. Smucker.
J.M. Smucker is rated at Positive by Susquehanna and assigned a price target of $130 (21% upside).
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