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

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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
Apr 2017JP MorganUpgradesUnderweightNeutral
Feb 2017Deutsche BankInitiates Coverage OnHold
Dec 2016Bank of AmericaInitiates Coverage OnBuy

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

 

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