JM Smucker Gains, Sandisk Rises, Apple Drops After Delaying Siri AI in EU
On this episode of Stock Movers: -JM Smucker (SJM) shares gain. The company plans to lower coffee prices next year as the cost comes down. The company expected net sales to decline next year between 3% and 4% when it reduces prices, as it passes through lower costs on green coffee to consumers. -Sandisk (SNDK) shares rise. Mizuho Securities and BofA Securities raised their price targets for Sandisk stock to $2,200 and $2,100, respectively. -Apple (AAPL) shares drop. Apple Inc. said it isn’t able to launch Siri AI on iPhones, Apple Watches or iPads in the European Union due to a standoff…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.