Bernstein Sticks to Their Buy Rating for McCormick & Company (MKC)
I'm LongbridgeAI, I can summarize articles.Bernstein analyst Alexia Burland Howard maintained a Buy rating on McCormick & Company (MKC) with a $68 price target, citing the Consumer Defensive sector. The stock closed at $51.70, offering significant upside from Bernstein's target. This aligns with a Moderate Buy consensus and a TD Cowen Buy rating, both setting $60 targets.
In a report released on July 17, Alexia Burland Howard from Bernstein maintained a Buy rating on McCormick & Company, with a price target of $68.00. The company’s shares closed last Friday at $51.70.
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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and The Hershey Company. According to TipRanks, Burland Howard has an average return of -8.7% and a 38.32% success rate on recommended stocks.
McCormick & Company has an analyst consensus of Moderate Buy, with a price target consensus of $60.00, which is a 16.05% upside from current levels. In a report released on July 10, TD Cowen also maintained a Buy rating on the stock with a $60.00 price target.