Why McCormick Stock Was Moving Higher Today
Shares of McCormick (NYSE: MKC), the king of the spice aisle, were moving higher today after the company posted better-than-expected results on the bottom line in its fourth-quarter earnings report.
While guidance for 2024 implied weak growth, the stock had fallen to multiyear lows in October following its third-quarter earnings report, showing that expectations were low coming into the report.
As a result, the stock was up 3.6% as of 10:29 a.m. ET.
Source Fool.com
Mccormick & Comp. Stock
€70.06
-1.210%
Our community is currently high on Mccormick & Comp. with 5 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 67 € is below the current price of 70.06 € for Mccormick & Comp., so the potential is actually -4.37%.
