JM Smucker rises on annual profit forecast lift
** Uncrustables maker JM Smucker's SJM.N shares rise ~5% to $119.25 before the bell
** SJM raises annual profit forecast and beats Q2 results estimates on resilient demand for their packaged and frozen foods as well as price hikes on their coffee products
** Co forecastsannual adjusted EPS between $9.70 and $10.10, up from $9.60 to $10.00
** Price hikes helped overall quarterly margins rise to39% from 37.4% a year earlier
** Up to Monday's close, stock has fallen 10% YTD
Reporting by Neil J Kanatt and Ananya Mariam Rajesh in Bengaluru
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