BofA lowered the firm’s price target on McCormick (MKC) to $80 from $89 and keeps a Buy rating on the shares. Shares reacted negatively to earnings due to a Q4 organic sales miss driven by Americas Flavor Solutions, a gross margin miss of about 150 basis points compared to consensus and below consensus EPS growth for FY26, the analyst tells investors. On net, the firm’s FY26 EPS estimate moves to $3.09 from $3.21 as gross margins move lower given the Q4 miss flow through, the analyst noted.
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