McCormick (MKC) Gets Lower Price Target from TD Cowen Following Q2 Results

McCormick & Company, Incorporated (NYSE:MKC) will trade ex-dividend on July 6, putting it among the 10 Best July Dividend Stocks to Buy.

On June 26, TD Cowen lowered its price recommendation on McCormick & Company, Incorporated (NYSE:MKC) to $60 from $64. It reiterated a Buy rating on the shares. Analyst Robert Moskow updated the firm's model following the company's second-quarter results. Management maintained its full-year guidance and said Americas Consumer volume is expected to return to positive growth in the fourth quarter as a result of its marketing initiatives.

Also on June 26, Bernstein lowered its price goal on McCormick to $68 from $77. It kept an Outperform rating on the stock. Analyst Alexia Howard said in a research note that while the recovery in the Flavor Solutions business could support performance for some time, the Consumer segment has been "underwhelming."

McCormick & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasonings, condiments, and flavors to the food and beverage industry, serving retailers, food manufacturers, and foodservice businesses.

While we acknowledge the potential of MKC as an investment, we belie

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/mccormick-mkc-gets-lower-price-200429341.html)