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.
Source: American Banking and Market News