On Oct 02, major Wall Street analysts update their ratings for $McCormick & Co (MKC.US)$, with price targets ranging from $69 to $96.
Goldman Sachs analyst Adam Samuelson maintains with a sell rating, and sets the target price at $69.
BofA Securities analyst Peter Galbo maintains with a buy rating, and adjusts the target price from $95 to $96.
Barclays analyst Andrew Lazar maintains with a hold rating, and adjusts the target price from $76 to $85.
Jefferies analyst Robert Dickerson maintains with a hold rating, and adjusts the target price from $74 to $86.
TD Cowen analyst Robert Moskow maintains with a hold rating, and adjusts the target price from $73 to $86.
Furthermore, according to the comprehensive report, the opinions of $McCormick & Co (MKC.US)$'s main analysts recently are as follows:
The company's Q3 earnings surpassed expectations, bolstered by improved gross and operating margins, leading to an enhanced financial outlook for FY24. Post-report and guidance, there's an increased projection for FY24 adjusted EPS.
McCormick's Q3 results surpassed expectations, although the substantial part of the outperformance was due to tax, foreign exchange, and the deferral of SG&A / IT investments to Q4. Additionally, the company's management highlighted a softer-than-anticipated consumer response in China, with the APAC region being the only one without volume growth.
McCormick recorded a robust 3Q EPS surpassing expectations, and management has adjusted its FY24 projections upward to account for a specific tax advantage. The organic sales growth was noted as modest at only 0.4%.
Following McCormick's report of a robust third quarter, with earnings per share growth of 28%, which surpassed estimates by 17 cents including beneficial factors from certain items and a stronger than anticipated margin expansion, the company's yearly guidance reaffirmed its commitment to achieving the mid-to-high end of its sales growth projection. Consequently, the anticipated earnings per share for the fiscal year have been adjusted.
Here are the latest investment ratings and price targets for $McCormick & Co (MKC.US)$ from 6 analysts:
Note:
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美東時間10月2日，多家華爾街大行更新了$味好美 (MKC.US)$的評級，目標價介於69美元至96美元。
高盛集團分析師Adam Samuelson維持賣出評級，目標價69美元。
美銀證券分析師Peter Galbo維持買入評級，並將目標價從95美元上調至96美元。
巴克萊銀行分析師Andrew Lazar維持持有評級，並將目標價從76美元上調至85美元。
富瑞集團分析師Robert Dickerson維持持有評級，並將目標價從74美元上調至86美元。
TD Cowen分析師Robert Moskow維持持有評級，並將目標價從73美元上調至86美元。
此外，綜合報道，$味好美 (MKC.US)$近期主要分析師觀點如下：
在毛利率和營業利潤率提高的推動下，該公司第三季度的收益超出預期，從而改善了24財年的財務前景。發佈報告和指導後，對24財年調整後每股收益的預測有所增加。
麥考密克第三季度的業績超出了預期，儘管跑贏大盤的很大一部分是由於稅收、外匯以及SG&A/It投資推遲到第四季度所致。此外，該公司的管理層強調了中國消費者的反應比預期的要弱，亞太地區是唯一一個銷量沒有增長的區域。
味好美第三季度每股收益強勁，超出預期，管理層已向上調整了其24財年的預測，以考慮特定的稅收優勢。有機銷售增長幅度不大，僅爲0.4％。
麥考密克公佈了強勁的第三季度業績，每股收益增長28％，比預期高出17美分，包括某些項目的有利因素和強於預期的利潤增長，此後，該公司的年度指引重申了其實現銷售增長預期的中高端承諾。因此，調整了本財年的預期每股收益。
以下爲今日6位分析師對$味好美 (MKC.US)$的最新投資評級及目標價：
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