HSBC analyst Alejandro Zamacona raised the firm’s price target on McCormick to $79 from $75 and keeps a Hold rating on the shares. The company reported “decent” fiscal Q1 results with volume improvement amid easing pricing, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- Options Volatility and Implied Earnings Moves Today, March 26, 2024
- McCORMICK REPORTS STRONG FIRST QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK
- McCormick sees FY24 adjusted EPS $2.80-$2.85, consensus $2.83
- McCormick reports Q1 adjusted EPS 63c, consensus 58c
- Options Volatility and Implied Earnings Moves This Week, March 26 – March 28, 2024
