McCormick & Company (MKC) PT Lowered to $48 at TD Cowen

TD Cowen analyst Robert Moskow lowered the price target on McCormick & Company (NYSE: MKC) to $48.00 (from $55.00) while maintaining a Hold rating.

The analyst comments "McCormick's 3Q EPS beat and guidance reiteration demonstrated the resilience of the business, thanks to significant productivity savings and pockets of strength internationally. However, unexpected volume weakness in the Americas and rising inflation reinforce the concerns we expressed in our downgrade, especially given the pending integration of the declining UL Foods. We lower FY27 EPS to $3.20. "

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