Stifel analyst Matthew Smith raised the firm’s price target on McCormick to $75 from $70 and keeps a Hold rating on the shares after the company’s stronger than expected Q1 report. The company noted that the first quarter performance and improving trends give it confidence in achieving the mid to high end of its sales growth target, noted the firm, which is raising its own sales growth and EPS estimates for the year to reflect Q1 results and improving momentum in the consumer business.
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