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Fly News Breaks for October 25, 2016
MKC
Oct 25, 2016 | 04:44 EDT
Credit Suisse analyst Robert Moskow upgraded McCormick to Outperform and maintained its $111 price target saying the recent selloff in shares provides an opportunity for investors to capitalize on structural demand growth in the spices and seasonings category. He believes McCormick is poised for positive ratings revisions based on U.S. market share acceleration driven by strong retailer relationships and product innovation, Millennia's cooking more meals from scratch, gross margin expansion, and potential accretive M&A,
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