JPMorgan added McCormick (MKC) to the firm’s Analyst Focus List as a growth idea. The addition coincides with the firm’s assumption of coverage and double upgrade to Overweight from Underweight. JPMorgan sees McCormick as longer-term “structural winner” in the food space given its favorable category and geographic exposure. The recent pullback in the shares presents an attractive entry point, the analyst tells investors in a research note.
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Read More on MKC:
- McCormick assumed with Overweight from Underweight at JPMorgan
- Strategic Pricing and Growth Potential Justify Buy Rating for McCormick & Company
- McCormick removed from ‘US 1 List’ at BofA
- Tariffs Threaten McCormick & Company’s Profitability Amid Rising Costs and Uncertain Trade Relations
- McCormick price target lowered to $76 from $82 at Stifel