Argus analyst John Staszak lowered the firm’s price target on McCormick (MKC) to $85 from $95 but keeps a Buy rating on the shares. The company’s FY25 guidance missed estimates and the firm is reducing its EPS outlook by 12c to $3.16, though Argus also contends that McCormick can reverse weak volume in some regions and expects it to benefit from new products, enhanced packaging, and its ability to narrow its price gaps vs. private-label brands, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- McCormick & Company Reports Strong 2024 Financial Performance
- EA cuts FY25 bookings guide, American Air reports Q4 beat: Morning Buzz
- Morning Movers: GE Aerospace climbs after fourth quarter results
- Options Volatility and Implied Earnings Moves Today, January 23, 2025
- McCormick sees FY25 adjusted EPS $3.03-$3.08, consensus $3.12
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue