McCormick price target raised to $102 from $101 at Bernstein

Bernstein raised the firm’s price target on McCormick (MKC) to $102 from $101 and keeps an Outperform rating on the shares. The firm recommends buying shares after the company posted “solid” Q2 results and reiterated guidance, telling investors in a research note that to be able to reiterate guidance for FY25 while digesting a 10% tariff on imports from most countries and an incremental 30% on imports from China “is a testament to the strength” of the underlying business.