JPMorgan analyst Thomas Palmer lowered the firm’s price target on McCormick (MKC) to $72 from $79 and keeps an Overweight rating on the shares. The company reported a Q4 earnings miss and with a fiscal 2026 below consensus at the midpoint, the analyst tells investors in a research note. The firm says the “unexpected cost headwinds” in Q4 and fiscal 2026 disproportionately impacted the share price relative to the downward earnings revision.
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