JPMorgan Lowers its Price Target on McCormick & Company. (MKC) to $64
View original at finance.yahoo.comJPMorgan Lowers its Price Target on McCormick & Company. (MKC) to $64 McCormick & Company, Incorporated (NYSE:MKC) is one of the 10 Best Stocks That Beat Earnings Estimates…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Expected revenue growth of 13%-17% for FY26
60% confidenceCertain AI stocks offer greater upside potential and carry less downside risk than MKC
60% confidenceProjected tax rate of 24% for FY26
60% confidenceMcCormick is not receiving the 'benefit of the doubt' from investors regarding its food deal
60% confidenceFY26 adjusted EPS guidance of $3.05-$3.13 versus $3.09 consensus
60% confidenceThe company delivered growth in sales, operating income, and earnings per share, supported by the McCormick de Mexico acquisition and organic growth across both segments, alongside cost discipline that drove margin expansion
60% confidenceMcCormick price target lowered to $64 from $67 with Overweight rating maintained
60% confidenceVolumes were in line with expectations and anticipates sequential improvement through the year, supported by brand investments, innovation, and distribution gains
60% confidence