McCormick & Co shares are trading higher after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $75 to $100.
Portfolio Pulse from Benzinga Newsdesk
McCormick & Co's stock is trading higher after Bank of America Securities upgraded it from Underperform to Buy and raised its price target from $75 to $100.
June 06, 2023 | 1:25 pm
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POSITIVE IMPACT
Bank of America Securities upgraded McCormick & Co's stock from Underperform to Buy and increased its price target from $75 to $100.
The upgrade from Bank of America Securities is a positive signal for McCormick & Co's stock. The raised price target indicates a higher expected value for the stock, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100