Stifel Maintains Hold on McCormick & Co, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith has maintained a 'Hold' rating on McCormick & Co (NYSE:MKC) and lowered the price target from $82 to $70.
October 04, 2023 | 11:21 am
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NEGATIVE IMPACT
Stifel analyst has maintained a 'Hold' rating on McCormick & Co and lowered the price target from $82 to $70.
The news of Stifel lowering the price target for McCormick & Co from $82 to $70 could potentially lead to a decrease in the stock price in the short term as it indicates a lower valuation for the company. The 'Hold' rating suggests that the analyst does not see significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100