Market Overview

UPDATE: Jefferies Ups PT to $67 on McCormick on In-Line Q2 Earnings

Related MKC
Morning Market Losers
Benzinga's Top #PreMarket Losers
McCormick & Company, Inc.: A Quality Consumer Goods Stock For Your Portfolio (Seeking Alpha)

Jefferies reiterates its Buy rating on McCormick (NYSE: MKC) and raises its price target from $62 to $67.

Jefferies comments, "MKC's 2Q12 earnings of $0.60 were in line with our model as the company demonstrated its stable and high-quality business model. Inventory levels have started to decline sequentially, volume and price performance are well balanced and the organic growth rate outperforms most peers. We continue to see MKC as the best positioned large cap packaged food name in our universe. On the negative side, the industrial EBIT margin declined again."

MKC closed at $59.09 on Wednesday.

Latest Ratings for MKC

Oct 2015CitigroupMaintainsSell
Jun 2015BernsteinUpgradesMarket PerformOutperform
Jun 2015Deutsche BankMaintainsHold

View More Analyst Ratings for MKC
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (MKC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters