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Fly News Breaks for June 28, 2019
MKC
Jun 28, 2019 | 07:48 EDT
Citi analyst David Driscoll raised his price target for McCormick to $166 from $155 following the company's better than expected earnings in Q2. The beat, however, was driven almost entirely by a lower than expected tax rate as operating profit was relatively in-line, Driscoll tells investors in a post-earnings research note. The analyst believes the stock is fairly valued and reiterates a Neutral rating on McCormick.
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