Barclays Maintains Equal-Weight on McCormick & Co, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on McCormick & Co (NYSE:MKC) but has reduced the price target from $74 to $71.

January 16, 2024 | 5:40 pm
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Barclays has maintained an Equal-Weight rating on McCormick & Co but lowered the price target from $74 to $71, indicating a potential downside or limited upside.
The reduction in price target by Barclays, while maintaining the same stock rating, suggests that the analyst sees less potential for price appreciation. This could lead to a negative perception among investors and potentially cause a short-term dip in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100