McCormick price target lowered to $78 from $84 at Jefferies

Jefferies lowered the firm’s price target on McCormick (MKC) to $78 from $84 and keeps a Buy rating on the shares. McCormick posted “another quarter” of volume-led growth and category strength despite a tough consumer backdrop, the analyst tells investors in a post-earnings note. However, rising tariffs and commodity costs prompt a trimmed profitability outlook, notes the analyst, who says questions remain around price elasticity impacts into 2026.