Adobe, J.M. Smucker And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Liz Young of BNY Mellon Investment Management recommended Consumer Staples Select Sector SPDR Fund (XLP), Joseph Terranova of Virtus Investment Partners picked Adobe Inc. (ADBE), and Stephanie Link of Hightower chose The J. M. Smucker Company (SJM). BMO Capital Markets analyst reiterated the Outperform rating on Adobe with a price target of $645.00. J.M. Smucker is selling its Sahale Snacks brand to Second Nature Brands for around $34 million.
October 12, 2023 | 12:24 pm
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NEUTRAL IMPACT
Stephanie Link of Hightower chose The J. M. Smucker Company (SJM) on CNBC's 'Final Trades'. J.M. Smucker is selling its Sahale Snacks brand to Second Nature Brands for around $34 million.
While the recommendation from Hightower could increase investor interest, the sale of the Sahale Snacks brand may not have a significant impact on the company's overall financial position, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Joseph Terranova of Virtus Investment Partners picked Adobe Inc. (ADBE) on CNBC's 'Final Trades'. BMO Capital Markets analyst reiterated the Outperform rating on Adobe with a price target of $645.00.
The positive sentiment from both an investment partner and a market analyst, along with a high price target, could lead to increased investor confidence and a potential rise in Adobe's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Liz Young of BNY Mellon Investment Management recommended Consumer Staples Select Sector SPDR Fund (XLP) on CNBC's 'Final Trades'.
The recommendation by a prominent investment manager could lead to increased interest in XLP, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80