BUZZ - Broker View: McCormick’s Strong Quarterly Performance Fails to Ease Inflation Concerns
路透社2026/10/02 15:22October 2 - **On Thursday, Joe Lula Hot Sauce manufacturer McCormick (MKC.N) reported third quarter results that surpassed (link) expectations, as higher prices for seasonings and sauces partially offset a drag on sales from weak demand caused by high gasoline prices and a cyclospora outbreak.
** Among the 16 brokerages covering the stock, the median target price is $55—data compiled by LSEG.
The shadow of inflation hangs over robust quarterly results
** JPMorgan ("Overweight", target price: $55) stated that inflation is rising faster than expected, further undermining market confidence in McCormick's shares, although the company still maintains an optimistic outlook on the long-term value creation potential of its upcoming merger with Unilever Foods.
** Barclays said the company still expects to meet its annual targets, but weak consumer demand, waning foodservice activity, and rising costs are making operating conditions increasingly challenging.
** Stifel (rating: "Hold", target price: $48) commented that while third quarter cost savings and profit growth were robust, slower-than-expected volume recovery in the Americas and rising inflation are clouding the outlook.
** TD Cowen ("Hold", target price: $48) indicated that third quarter cost savings from productivity gains and strong performance in some international markets partially offset weak demand in the Americas, but rising inflation and consumer pressures are increasing risks to fiscal 2027 earnings and the company's overall long-term growth outlook.
(For the convenience of non-English speakers, Reuters provides automatic translations of its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation text and provides this solely for readers' convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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