McCormick price target lowered to $71 from $72 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the firm’s price target on McCormick to $71 from $72 and keeps a Hold rating on the shares ahead of the Q4 report. The firm says the company faces pressure from “still-stunted” China growth and slowing consumer demand in the U.S. While momentum in Flavor Solutions should continue to support growth on a relative basis, Deutsche is increasingly concerned about volume headwinds and market share losses accruing across McCormick’s branded consumer portfolio.