Deutsche Bank Affirms a 'Buy' on McCormick & Company (MKC); Same Old Song

Deutsche Bank affirms a 'Buy' on McCormick & Company (NYSE: MKC), PT increased from $55 to $56.

Deutsche analyst says, "Despite the tough environment, McCormick is delivering on its promises. This incl. driving growth in core global segments (Consumer, Industrial) via new products, distribution while keeping a solid B/S. Leading share is allowing for sufficient pricing to offset inputs with accretive emerging market M&A positive LT...With solid core fundamentals, $0.06+ EPS accretion from M&A in F2012, we raise EPS and view the stock as attractive."

For more ratings news on McCormick & Company click here and for the rating history of McCormick & Company click here.

Shares of McCormick & Company closed at $51.00 yesterday.

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