McCormick & Co. (MKC) Misses Q4 EPS by 13c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Bernstein upgrades McCormick (MKC) to Outperform; '2023 should be much more tasty'
January 27, 2023 7:37 AM ESTBernstein upgraded McCormick & Co. (NYSE: MKC) to an Outperform rating (From market-perform) with a price target of $90.00 based on a recovery in fundamental performance over the course of 2023. The company remains the strongest in UBS coverage over the longer term, and valuation looks relatively attractive, even given the tempered outlook for 2023.
McCormick reported 4Q revenues of $1,696m, -4.0% below consensus estimates. The adjusted gross margin of 36.8% was -225bp below consensus and down -410bp YoY. Adjusted... More
