June 23, 2016

Citigroup Upgraded McCormick & Company, Incorporated (MKC)


McCormick & Company, Incorporated (NYSE:MKC) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a report released on Thursday, StockTargetPrices.com reports. The firm presently has a $102.00 target price on the stock, up from their previous target price of $85.00. Citigroup Inc.’s price objective would suggest a potential upside of 1.83% from the company’s current price.

A number of other research firms have also issued reports on MKC. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Monday, April 4th. Vetr lowered shares of McCormick & Company, from a “hold” rating to a “sell” rating and set a $96.84 target price on the stock. in a report on Monday, April 4th. Deutsche Bank raised their price objective on shares of McCormick & Company, from $99.00 to $105.00 in a report on Wednesday, March 30th. Sanford C. Bernstein raised their price objective on shares of McCormick & Company, from $100.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Finally, Credit Suisse restated a “neutral” rating and issued a $95.00 price objective on shares of McCormick & Company, in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. McCormick & Company, presently has an average rating of “Hold” and a consensus target price of $97.99.