TD Cowen analyst Robert Moskow raised the firm’s price target on McCormick to $86 from $84 and keeps a Hold rating on the shares. The firm said they delivered a strong 3Q EPS beat and management raised FY24 guidance to reflect a discrete tax benefit. Cowen views the quality as alright but not great given organic sales growth of only 0.4%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- McCormick price target raised to $85 from $75 at Stifel
- McCormick price target raised to $96 from $95 at BofA
- McCormick price target raised to $69 from $67 at Goldman Sachs
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- Morning Movers: McCormick and Paychex rise following quarterly reports
Questions or Comments about the article? Write to editor@tipranks.com