JP Morgan Maintains Underweight on McCormick & Co, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ken Goldman has maintained an Underweight rating on McCormick & Co (NYSE:MKC) and reduced the price target from $59 to $57.
January 26, 2024 | 4:14 pm
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JP Morgan's analyst Ken Goldman has reaffirmed an Underweight rating on McCormick & Co and lowered the price target, suggesting a bearish outlook.
The reduction in price target by a major financial institution like JP Morgan typically indicates a negative outlook on the stock's future performance. This can influence investor sentiment and potentially lead to a decrease in the stock's price in the short term.
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