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Fly News Breaks for December 11, 2019
MKC
Dec 11, 2019 | 17:12 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of McCormick with a Hold rating and $163 price target. The analyst notes that the stock's premium is warranted by its exposure to higher growth spice/seasoning/extracts/ flavors market and its competitive advantages within these categories, but with valuation at "peak levels" on absolute and relative basis, she prefers a "more compelling" entry point to become bullish on the shares.
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