McCormick price target lowered to $67 from $70 at TD Cowen

TD Cowen lowered the firm’s price target on McCormick to $67 from $70 and keeps a Market Perform rating on the shares. The firm noted they provided the lowest sales guidance in the analyst’s 21 years of covering the company. The firm said although they appreciate the rationale for more conservatism, it raises concerns about the long-term growth profile.