Market Overview

UPDATE: Deutsche Bank Raises PT to $59 on McCormick; Solid TSR

Share:
Related MKC
'Add Spice And Let Simmer,' Deutsche Says Of McCormick
10 Biggest Mid-Day Gainers For Thursday
July Buys: The 21 Stocks Added To My Fund (Seeking Alpha)

Deutsche Bank raises its price target from $56 to $59 on McCormick (NYSE: MKC) as it reiterates its Buy rating on shares for its 15th straight year.

Deutsche Bank comments, "We have maintained a BUY on McCormick for 15 years and see no reason to change now. The company uses leading shares, geographic / product balance, select M&A, a solid FCF and B/S to outperform its peers. Not surprisingly such attributes garner a high valuation but we continue to see solid TSR (11%+)."

MKC closed at $56.60 on Friday.

Latest Ratings for MKC

DateFirmActionFromTo
Jun 2016CitigroupUpgradesSellNeutral
Apr 2016Credit SuisseReinstatesNeutral
Mar 2016BernsteinMaintainsOutperform

View More Analyst Ratings for MKC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (MKC)

View Comments and Join the Discussion!