Barclays analyst Andrew Lazar lowered the firm’s price target on McCormick (MKC) to $72 from $82 and keeps an Equal Weight rating on the shares following the earnings report. With tariff mitigation actions building, McCormick enters this period from a relative position of strength, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- McCormick price target lowered to $89 from $96 at BofA
- McCormick & Company: Strategic Resilience and Growth Amid Market Challenges Justifies Buy Rating
- McCormick price target lowered to $79 from $82 at JPMorgan
- McCormick & Company: Strong Sales and Strategic Measures Support Buy Rating Amid Inflation Challenges
- McCormick & Company Reports Steady Q3 Growth