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:
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美东时间10月2日，多家华尔街大行更新了$味好美 (MKC.US)$的评级，目标价介于69美元至96美元。
高盛集团分析师Adam Samuelson维持卖出评级，目标价69美元。
美银证券分析师Peter Galbo维持买入评级，并将目标价从95美元上调至96美元。
巴克莱银行分析师Andrew Lazar维持持有评级，并将目标价从76美元上调至85美元。
富瑞集团分析师Robert Dickerson维持持有评级，并将目标价从74美元上调至86美元。
TD Cowen分析师Robert Moskow维持持有评级，并将目标价从73美元上调至86美元。
此外，综合报道，$味好美 (MKC.US)$近期主要分析师观点如下：
在毛利率和营业利润率提高的推动下，该公司第三季度的收益超出预期，从而改善了24财年的财务前景。发布报告和指导后，对24财年调整后每股收益的预测有所增加。
麦考密克第三季度的业绩超出了预期，尽管跑赢大盘的很大一部分是由于税收、外汇以及SG&A/It投资推迟到第四季度所致。此外，该公司的管理层强调了中国消费者的反应比预期的要弱，亚太地区是唯一一个销量没有增长的区域。
味好美第三季度每股收益强劲，超出预期，管理层已向上调整了其24财年的预测，以考虑特定的税收优势。有机销售增长幅度不大，仅为0.4％。
麦考密克公布了强劲的第三季度业绩，每股收益增长28％，比预期高出17美分，包括某些项目的有利因素和强于预期的利润增长，此后，该公司的年度指引重申了其实现销售增长预期的中高端承诺。因此，调整了本财年的预期每股收益。
以下为今日6位分析师对$味好美 (MKC.US)$的最新投资评级及目标价：
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