Market Overview

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

Share:
Related MKC
6 Stocks Which Rallied Four Days, Then Sold Off Yesterday
'Add Spice And Let Simmer,' Deutsche Says Of McCormick
How Dividend Growth Investors Can Prosper Even If Interest Rates Increase (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 2016CitigroupMaintainsSell

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!