Citi upgraded McCormick to Neutral from Sell with a price target of $69, up from $68. Despite being among the few large cap food companies with improving takeaway trends, McCormick shares have been among the weakest performing over the past couple of months, the analyst tells investors in a research note. The firm models the company’s fiscal Q2 sales and earnings above the consensus and looks for McCormick to boost its fiscal 2024 outlooks for sales, operating profit and earnings. Citi sees a solid share setup into the print.