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Fly News Breaks for August 20, 2019
MKC
Aug 20, 2019 | 07:25 EDT
JPMorgan analyst Ken Goldman downgraded McCormick to Underweight from Neutral and lowered his price target to $150 from $154. In a research note to investors, Goldman cites valuation, Brexit risk and the potential for the next acquisition to "disappoint" in size for the downgrade. The analyst notes that the downgrade is unrelated to his thoughts about fundamentals, strategy and management, which he sees as first-rate.
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