Wellington Shields has published a research report on McCormick & Company MKC and initiated coverage on the stock with a Buy rating and $74 price target.
In the report, Wellington Shields wrote, "We are initiating coverage of MKC with a Buy rating and a price target of 74, suggesting upside of 18% and total return of 20%. McCormick, a leading provider of spices and seasonings for consumer and industrial customers, has a long history of growth. We estimate that sales and earnings can grow at 11% for at least the next five years, with a boost from recent strategic acquisitions in emerging markets."
McCormick & Company is currently trading down 0.19 percent from Wednesday's $62.79 closing price.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in