Barclays lowered the firm’s price target on McCormick (MKC) to $58 from $67 and keeps an Equal Weight rating on the shares ahead of the fiscal Q1 report. Updates around the potential acquisition of Unilever’s food division and a quantification of potential costs stemming from the Iran war “will take center stage,” the analyst tells investors in a research note.
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- McCormick price target lowered to $58 from $67 at Barclays
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