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UPDATE: Wellington Shields Initiates McCormick & Company at Buy

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Wellington Shields has published a research report on McCormick & Company (NYSE: 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.

Latest Ratings for MKC

DateFirmActionFromTo
Jun 2017Goldman SachsInitiates Coverage OnNeutral
Apr 2017JP MorganUpgradesUnderweightNeutral
Feb 2017Deutsche BankInitiates Coverage OnHold

View More Analyst Ratings for MKC
View the Latest Analyst Ratings

Posted-In: Wellington ShieldsAnalyst Color Initiation Analyst Ratings

 

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