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J.M. Smucker’s Target, Estimates Raised at Goldman Sachs (SJM)

Packaged foods maker The J.M. Smucker Company ( SJM ) on Tuesday saw its price target and earnings estimates raised by analysts at Goldman Sachs.

The firm said it lifted its estimates on SJM through 2013, noting the company's recent acquisition of Rowland Coffee should help boost earnings.

Goldman maintained its "Neutral" rating on SJM but raised its price target to $81. That new target suggests a 5% upside to the stock's Monday closing price of $77.32.

J.M. Smucker shares were mostly flat in premarket trading Tuesday.

The Bottom Line

We have been recommending shares of The J.M. Smucker Company ( SJM ) since Aug.21,2009, when the stock was trading at $51.88. The company has a 2.28% dividend yield, based on last night's closing stock price of $77.32.

The J.M. Smucker Company ( SJM ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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