J.M. Smucker Co.

With coffee prices up 13% this year (and another increase on the way), J.M. Smucker Co. (NYSE: SJM) could be headed for tough times. While mostly known for jams and jellies, J.M. Smucker owns Folgers, one of the largest coffee brands in the world. Folgers accounts for 35% of J.M. Smucker's sales...

Jefferies has published its SJM 2Q11 preview on the J.M. Smucker Co. (NYSE: SJM) Jefferies writes, "Our PT of $64 is ~13x our FY11 cash EPS estimate of $4.98. The multiple, while below the historical average, reflects the near-term challenges. Nevertheless, with a still favorable view of SJM's...