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MKC

McCormick

$94.21

-0.64 (-0.67%)

16:19
10/19/16
10/19
16:19
10/19/16
16:19

Watkins says judge denies McCormick request to dismiss slack fill lawsuit

Watkins Inc announced that, on October 17, District Court Judge Ellen Huvelle issued an order denying McCormick's motion to dismiss claims alleging the company had "slack-filled" its black pepper containers. The lawsuit, filed by Watkins in June 2015, alleged that McCormick illegally reduced the contents of its black pepper containers by up to twenty-five percent without reducing the size of its containers-an action that is commonly referred to as "slack-filling."

  • 28

    Oct

  • 30

    Oct

MKC McCormick
$94.21

-0.64 (-0.67%)

06/23/16
SBSH
06/23/16
UPGRADE
Target $102
SBSH
Neutral
McCormick upgraded to Neutral from Sell at Citi
Citi analyst David Driscoll upgraded McCormick to Neutral from Sell citing the fact that its U.S. spices retail sales have accelerated in recent months and that net commodity inflation has turned into net deflation. Additionally, given the company's underleveraged balance sheet, accretive M&A remains a possibility, Driscoll tells investors. The analyst raised his price target on McCormick shares to $102 from $85.
09/16/16
09/16/16
DOWNGRADE

Market Perform
McCormick downgraded to Market Perform from Outperform at Bernstein
09/16/16
BERN
09/16/16
DOWNGRADE
BERN
Market Perform
McCormick downgraded on valuation at Bernstein
As noted earlier, Bernstein downgraded McCormick to Market Perform from Outperform. Analyst Alexia Howard downgraded the stock based on valuation. Target to $104 from $113.
09/16/16
09/16/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 21st Century Fox (FOX, FOXA) downgraded to Market Perform from Outperform at Bernstein with analyst Jason Park citing a reduction in his estimates for the company's Star India business. 2. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities. 3. Citi (C) downgraded to Neutral from Buy at Goldman with analyst Richard Ramsden saying Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. 4. McCormick (MKC) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard citing valuation. 5. Novavax (NVAX) downgraded to Neutral from Overweight at Piper Jaffray, to Neutral from Overweight at JPMorgan, to Neutral from Buy at Ladenburg, to Neutral from Outperform at Wedbush, and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

KTOS

Kratos Defense

$12.72

-0.28 (-2.15%)

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EVGN

Evogene

$4.54

0.23 (5.34%)

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AXON

Axovant Sciences

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-0.74 (-2.96%)

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AST

Asterias

$3.25

0.05 (1.56%)

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MDXG

MiMedx

$12.35

-0.28 (-2.22%)

07:06
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DRI

Darden

$83.14

0.26 (0.31%)

07:06
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  • 26

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AGN

Allergan

$211.61

6.96 (3.40%)

07:05
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Recommendations
Allergan analyst commentary  »

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AZRE

Azure Power

$16.18

0.18 (1.13%)

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Azure Power awarded 260 MW solar project in Gujarat »

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HEES

H&E Equipment

$26.97

-0.2 (-0.74%)

07:04
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09/26
07:04
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Initiation
H&E Equipment initiated  »

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NOG

Northern Oil and Gas

$0.94

0.093 (10.98%)

07:04
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Northern Oil and Gas announces settlement with former CEO »

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DRI

Darden

$83.14

0.26 (0.31%)

07:03
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Hot Stocks
Breaking Hot Stocks news story on Darden »

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  • 26

    Sep

BTX

BioTime

$2.72

-0.08 (-2.86%)

07:03
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BioTime announces 'positive' secondary, long-term data from Renevia trial »

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  • 26

    Sep

MBRX

Moleculin Biotech

$2.41

-0.07 (-2.82%)

07:03
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Moleculin Biotech announces FDA approval of Annamycin IND »

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GNCA

Genocea

$5.33

0.04 (0.76%)

07:03
09/26/17
09/26
07:03
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07:03
Downgrade
Genocea rating change  »

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  • 26

    Sep

DRI

Darden

$83.14

0.26 (0.31%)

07:03
09/26/17
09/26
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07:03
Hot Stocks
Darden reports Q1 blended same-restaurant sales from legacy brands up 1.7% »

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  • 26

    Sep

AKBA

Akebia

$17.90

0.33 (1.88%)

07:02
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Breaking Hot Stocks news story on Akebia »

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  • 26

    Sep

AXON

Axovant Sciences

$24.25

-0.74 (-2.96%)

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Breaking Hot Stocks news story on Axovant Sciences »

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DRI

Darden

$83.14

0.26 (0.31%)

07:02
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Earnings
Darden backs FY18 adjusted cont ops EPS view $4.38-$4.50, consensus $4.47 »

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  • 26

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AKBA

Akebia

$17.90

0.33 (1.88%)

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  • 26

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AKBA

Akebia

$17.90

0.33 (1.88%)

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  • 26

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07:00
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General news
FX Update: The dollar has been in rally mode »

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DIS

Disney

$99.57

0.97 (0.98%)

06:59
09/26/17
09/26
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06:59
Periodicals
Disney streams theme-park events in new prototype stores, Bloomberg says »

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  • 09

    Nov

SPX

S&P 500

06:59
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Technical Analysis
S&P 500: Pivot points »

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LCI

Lannett

$17.10

-0.3 (-1.72%)

06:58
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Lannett revceives approval for Dexmethylphenidate Hydrochloride Tablets »

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GDX

Market Vector Gold Miners

$23.83

0.36 (1.53%)

06:58
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Technical Analysis
Market Vector Gold Miners: Pivot points »

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