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Hot Stocks
McCormick extends U.S. premium pay incentives, continuing to hire » 14:37
05/28/20
05/28
14:37
05/28/20
14:37
MKC

McCormick

$172.55 /

+0.67 (+0.39%)

McCormick announced plans…

McCormick announced plans to extend premium pay incentives through June to U.S. employees who are required to physically work onsite to keep essential food supply operations running. Workers will receive an additional $2.00 per hour. "McCormick continues to hire during the pandemic given its critical role in providing key ingredients to the entire food industry. The company also plans to maintain other workforce benefits including flexibility to care for dependents in conjunction with school or care facilities being unavailable due to COVID-19 as well as the continuation of 100% pay for up to 12 weeks if operations are suspended," the company stated.

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MKC McCormick
$172.55 /

+0.67 (+0.39%)

MKC McCormick
$172.55 /

+0.67 (+0.39%)

05/14/20 Credit Suisse
McCormick upgraded to Outperform from Neutral at Credit Suisse
04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
MKC McCormick
$172.55 /

+0.67 (+0.39%)

MKC McCormick
$172.55 /

+0.67 (+0.39%)

MKC McCormick
$172.55 /

+0.67 (+0.39%)

Over a week ago
Options
Early notable gainers among liquid option names on May 14th » 09:55
05/14/20
05/14
09:55
05/14/20
09:55
CSCO

Cisco

$44.32 /

+2.405 (+5.74%)

, CTAS

Cintas

$209.00 /

+9.66 (+4.85%)

, MKC

McCormick

$173.75 /

+4.92 (+2.91%)

, NEM

Newmont

$65.05 /

+1.16 (+1.82%)

, MRK

Merck

$79.45 /

+1.58 (+2.03%)

Notable gainers among…

Notable gainers among liquid option names this morning include Cisco (CSCO) $44.27 +2.32, Cintas (CTAS) $209.19 +9.72, McCormick (MKC) $174.11 +5.59, Newmont Mining (NEM) $65.96 +2.07, and Merck (MRK) $79.47 +1.58.

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NEM Newmont
$65.05 /

+1.16 (+1.82%)

MRK Merck
$79.45 /

+1.58 (+2.03%)

MKC McCormick
$173.75 /

+4.92 (+2.91%)

CTAS Cintas
$209.00 /

+9.66 (+4.85%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

05/14/20 Needham
Cisco recovery to be a slow process, says Needham
05/14/20 JPMorgan
Cisco fiscal Q3 results better than feared, says JPMorgan
05/14/20 Morgan Stanley
Cisco too broadly exposed to macro to be more positive, says Morgan Stanley
05/14/20 Baird
Cisco price target raised to $48 from $46 at Baird
CTAS Cintas
$209.00 /

+9.66 (+4.85%)

05/14/20 RBC Capital
Cintas price target raised to $250 from $220 at RBC Capital
05/14/20 Credit Suisse
Cintas price target raised to $205 from $200 at Credit Suisse
04/06/20 William Blair
Cintas downgraded to Market Perform from Outperform at William Blair
03/20/20 Baird
Cintas downgraded to Neutral at Baird to reflect current environment
MKC McCormick
$173.75 /

+4.92 (+2.91%)

05/14/20 Credit Suisse
McCormick upgraded to Outperform from Neutral at Credit Suisse
04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
NEM Newmont
$65.05 /

+1.16 (+1.82%)

05/06/20 Deutsche Bank
Newmont price target raised to $70 from $54 at Deutsche Bank
05/06/20 Citi
Newmont price target raised to $70 from $46 at Citi
04/16/20 JPMorgan
Newmont price target raised to $70 from $61 at JPMorgan
04/16/20 Barclays
Newmont downgraded to Equal Weight from Overweight at Barclays
MRK Merck
$79.45 /

+1.58 (+2.03%)

04/27/20 SVB Leerink
Clovis downgraded to Underperform at SVB Leerink as prostate opportunity fades
04/06/20 Raymond James
NGM Biopharmaceuticals initiated with a Strong Buy at Raymond James
03/23/20 Mizuho
Merck business disruptions have been modest, says Mizuho
03/02/20 William Blair
Merck results revive fears about Seattle Genetics' Adcetris, says William Blair
NEM Newmont
$65.05 /

+1.16 (+1.82%)

MRK Merck
$79.45 /

+1.58 (+2.03%)

MKC McCormick
$173.75 /

+4.92 (+2.91%)

CTAS Cintas
$209.00 /

+9.66 (+4.85%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

NEM Newmont
$65.05 /

+1.16 (+1.82%)

MRK Merck
$79.45 /

+1.58 (+2.03%)

CTAS Cintas
$209.00 /

+9.66 (+4.85%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

MRK Merck
$79.45 /

+1.58 (+2.03%)

MKC McCormick
$173.75 /

+4.92 (+2.91%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

NEM Newmont
$65.05 /

+1.16 (+1.82%)

MRK Merck
$79.45 /

+1.58 (+2.03%)

CTAS Cintas
$209.00 /

+9.66 (+4.85%)

CSCO Cisco
$44.32 /

+2.405 (+5.74%)

Upgrade
McCormick upgraded to Outperform from Neutral at Credit Suisse » 06:18
05/14/20
05/14
06:18
05/14/20
06:18
MKC

McCormick

$168.83 /

+0.3 (+0.18%)

Credit Suisse analyst…

Credit Suisse analyst Robert Moskow upgraded McCormick to Outperform from Neutral with a price target of $187, up from $147. The analyst now expects sales to grow 5.7% in fiscal 2020, compared to the consensus estimate of 2.6%, due to a net benefit from food consumption patterns during the COVID-19 pandemic. McCormick will be the biggest long-term beneficiary in the food sector space from consumers cooking more at home for economic reasons, safety concerns, and health and wellness, Moskow tells investors in a research note.

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MKC McCormick
$168.83 /

+0.3 (+0.18%)

MKC McCormick
$168.83 /

+0.3 (+0.18%)

04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
MKC McCormick
$168.83 /

+0.3 (+0.18%)

MKC McCormick
$168.83 /

+0.3 (+0.18%)

Conference/Events
McCormick participates in a conference call with UBS » 13:25
05/04/20
05/04
13:25
05/04/20
13:25
MKC

McCormick

$155.19 /

+0.93 (+0.60%)

Consumer Analyst Strycula…

Consumer Analyst Strycula holds a conference call with CEO Kurzius and CFO Smith on May 4 at 2 pm hosted by UBS.

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MKC McCormick
$155.19 /

+0.93 (+0.60%)

04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
Conference/Events
McCormick participates in a conference call with UBS » 04:55
05/04/20
05/04
04:55
05/04/20
04:55
MKC

McCormick

$154.26 /

-2.71 (-1.73%)

Consumer Analyst Strycula…

Consumer Analyst Strycula holds a conference call with CEO Kurzius and CFO Smith on May 4 at 2 pm hosted by UBS.

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MKC McCormick
$154.26 /

-2.71 (-1.73%)

04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
Over a month ago
Conference/Events
McCormick participates in a conference call with UBS » 15:42
05/03/20
05/03
15:42
05/03/20
15:42
MKC

McCormick

$154.26 /

-2.71 (-1.73%)

Consumer Analyst Strycula…

Consumer Analyst Strycula holds a conference call with CEO Kurzius and CFO Smith on May 4 at 2 pm hosted by UBS.

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MKC McCormick
$154.26 /

-2.71 (-1.73%)

04/02/20 Credit Suisse
McCormick price target lowered to $147 from $155 at Credit Suisse
03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
Recommendations
McCormick price target lowered to $147 from $155 at Credit Suisse » 14:26
04/02/20
04/02
14:26
04/02/20
14:26
MKC

McCormick

$143.08 /

+4.45 (+3.21%)

Credit Suisse analyst…

Credit Suisse analyst Robert Moskow earlier today lowered the firm's price target on McCormick to $147 from $155 and keeps a Neutral rating on the shares after reviewing the company's quarterly report. The analyst now assumes a $31M negative impact from China for the year and a currency headwind of $20M. McCormick temporarily withdrew guidance and intends to reinstate it in June after it reports fiscal Q2, Moskow told investors in a research note.

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MKC McCormick
$143.08 /

+4.45 (+3.21%)

03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
01/22/20
McCormick initiated with an Underperform at Jefferies
Earnings
McCormick withdraws FY20 financial outlook due to impacts of COVID-19 » 06:35
03/31/20
03/31
06:35
03/31/20
06:35
MKC

McCormick

$143.00 /

+10.75 (+8.13%)

McCormick previously…

McCormick previously issued its FY20 guidance on January 28, which did not include the impact of COVID-19. Due to the rapidly evolving situation and the high degree of uncertainty relating to the impacts of COVID-19, including on consumer demand across all channels and the global economy, the company is withdrawing its FY20 guidance. The company believes there will be a shift in consumer demand due to COVID-19 but cannot predict the duration and extent of the impact. In the consumer segment, the company is expecting an overall increase in consumer demand during periods of pantry stocking followed by increased cooking at home. In the flavor solutions segment, the company is expecting increased customer demand from packaged food companies and is expecting declines in demand from restaurant and other foodservice customers. While the Q1 China impact of COVID-19 was significant to results, the company believes it cannot extrapolate the overall impact for the rest of the company due to differences related to lockdown durations and pantry stocking as well as the differing percentages of foodservice business and other dynamics in each region. To maximize flexibility during this uncertain time, the company has decided to moderate the pace of its business transformation investments and has delayed its ERP system replacement program. The company expects to resume guidance at the time of its Q2 earnings release in June. The company reaffirms its long-term financial objectives and capital allocation priorities remain unchanged.

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MKC McCormick
$143.00 /

+10.75 (+8.13%)

03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
01/22/20
McCormick initiated with an Underperform at Jefferies
Earnings
McCormick reports Q1 adj. EPS $1.08, consensus $1.03 » 06:33
03/31/20
03/31
06:33
03/31/20
06:33
MKC

McCormick

$143.00 /

+10.75 (+8.13%)

Reports Q1 revenue…

Reports Q1 revenue $1.21B, consensus $1.23B. Lawrence Kurzius, chairman, president and CEO, stated, "The global impact of COVID-19 continues to evolve daily. McCormick's deepest sympathies go out to all who are affected by COVID-19 and we thank all those working to keep people safe through this crisis. At McCormick, we're committed to maintaining critical food supply across all of our markets and supporting our communities. We are working through the challenges of today, while keeping our focus on the long-term goals, strategies and values that have made us so successful."

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MKC McCormick
$143.00 /

+10.75 (+8.13%)

03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
01/22/20
McCormick initiated with an Underperform at Jefferies
Earnings
Notable companies reporting before tomorrow's open » 20:25
03/30/20
03/30
20:25
03/30/20
20:25
MKC

McCormick

$143.00 /

+10.75 (+8.13%)

, CAG

Conagra Brands

$28.35 /

+0.47 (+1.69%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include McCormick (MKC), consensus $1.03... Conagra Brands (CAG), consensus 49c.

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MKC McCormick
$143.00 /

+10.75 (+8.13%)

03/25/20 Deutsche Bank
McCormick price target lowered to $139 from $163 at Deutsche Bank
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
03/19/20 BofA
McCormick downgraded to Underperform from Neutral at BofA
01/22/20
McCormick initiated with an Underperform at Jefferies
CAG Conagra Brands
$28.35 /

+0.47 (+1.69%)

03/18/20 Bernstein
Conagra Brands upgraded to Market Perform from Underperform at Bernstein
02/27/20 Standpoint Research
Conagra Brands upgraded to Buy from Hold at Standpoint Research
02/17/20 Stifel
Conagra long-term thesis intact despite reduced outlook, says Stifel
01/23/20
Fly Intel: Top analyst initiations

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