Barclays lowered the firm’s price target on McCormick (MKC) to $57 from $58 and keeps an Equal Weight rating on the shares. The firm says “there’s rarely a particularly good time for a food company to take on a transformational deal.”
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Read More on MKC:
- Integration Risks Loom Over McCormick’s Proposed Unilever Foods Deal, Threatening Synergies and Shareholder Returns
- McCormick to Acquire Unilever Foods in Major Deal
- McCormick price target lowered to $55 from $65 at Stifel
- McCormick price target lowered to $64 from $67 at JPMorgan
- McCormick price target lowered to $64 from $81 at Jefferies
