As previously reported, Deutsche Bank upgraded McCormick (MKC) to Buy from Hold with a price target of $75, up from $71, as part of its 2026 outlook for the consumer packaged goods sector. McCormick has a strong franchise with clear relative momentum, the analyst tells investors in a research note. The firm believes the consumer staples sector faces a challenging setup over the year ahead. In this backdrop, Deutsche recommends “fundamental quality and simplicity.” It remains most constructive on non-alcoholic beverages and personal care.
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