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:
Note:
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美東時間10月2日，多家華爾街大行更新了$味好美 (MKC.US)$的評級，目標價介於69美元至96美元。
高盛集團分析師Adam Samuelson維持賣出評級，目標價69美元。
美銀證券分析師Peter Galbo維持買入評級，並將目標價從95美元上調至96美元。
巴克萊銀行分析師Andrew Lazar維持持有評級，並將目標價從76美元上調至85美元。
富瑞集團分析師Robert Dickerson維持持有評級，並將目標價從74美元上調至86美元。
TD Cowen分析師Robert Moskow維持持有評級，並將目標價從73美元上調至86美元。
此外，綜合報道，$味好美 (MKC.US)$近期主要分析師觀點如下：
公司的第三季度收入超出預期，受改善的毛利和營運利潤支撐，導致財年24的財務前景得到提升。在發佈報告和指引後，對FY24調整後的每股收益進行了增加的預測。
麥考姆第三季度的業績超出預期，儘管超額業績的重大部分是由於稅收、匯率期貨，以及SG&A/IT投資推遲至第四季度。此外，公司管理層突出強調中國消費者反應不及預期，亞太地區是唯一一個沒有成交量增長的地域板塊。
麥考姆錄得強勁的第三季度每股收益超出預期，並且管理層已將FY24的預測上調，以考慮具體稅收優勢。有機銷售增長被指出只有0.4%的適度增長。
在麥考姆報告強勁的第三季度，每股收益增長28%，超出預估17美分，包括某些項目的有利因素和超出預期的利潤增長，公司的年度指引重申致力於實現銷售增長預期的中高端。因此，對於財政年度的預期每股收益已做出調整。
以下爲今日6位分析師對$味好美 (MKC.US)$的最新投資評級及目標價：
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