UBS initiated coverage of McCormick (MKC) with a Neutral rating and $83 price target The firm believes the company should be able to “drive best-in-class” low single digit volume growth, benefitting from secular tailwinds to per capita consumption, like cooking at home and the desire for spice and heat. However, UBS sees modest downside to near-term numbers, saying McCormick’s sales trends remain softer, and estimates have yet to be de-risked as it pertains to tariffs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- UBS Maintains Hold Rating on McCormick Amid Short-Term Challenges and Long-Term Growth Potential
- McCormick Chief Growth Officer to retire in early 2026
- Positive Outlook on McCormick & Company Amidst Strong Consumer Business and Favorable Trade Developments
- McCormick & Company: Navigating Cost Pressures with Strategic Pricing and Long-term Growth Potential