JPMorgan Cuts MKC Price Target to $62.00 Amid McCormick's Ongoing Growth

McCormick & Company, Incorporated (NYSE:MKC) has had its price target lowered to $62.00 by analysts at JPMorgan Chase & Co.

This move follows a series of updates from various financial institutions, with Deutsche Bank Aktiengesellschaft recently boosting its price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and giving the stock a 'buy' rating in a research note on Friday, June 26th.

The company's consumer brands include McCormick, French's, Frank's RedHot, Lawry's, Old Bay and Gourmet Garden among others, serving both retail consumers and foodservice customers. Its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.