McCormick & Company, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Buy rating on the stock and has a $82.00 price target.
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Robert Moskow has given his Buy rating due to a combination of factors related to McCormick & Company’s strategic responses to tariff impacts and their potential for future growth. Despite a reduction in the price target and a lowered EPS estimate for FY26, Moskow acknowledges the company’s proactive measures to mitigate tariff costs, such as price increases and cost-saving initiatives. These efforts are expected to offset the increased tariff expenses, particularly in the challenging fourth quarter.
Furthermore, Moskow highlights McCormick’s strong pricing power in the spices and seasonings category, which is experiencing robust growth and lower price elasticity. This positions the company well to negotiate higher prices with retailers, potentially leading to upward revisions in earnings estimates. Overall, Moskow favors companies like McCormick that can leverage pricing strategies to drive growth in a sluggish consumer environment, justifying the Buy rating.
In another report released on July 30, TR | OpenAI – 4o also upgraded the stock to a Buy with a $80.00 price target.