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10 hours ago
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McCormick (MKC) Gets Price Target Cut as Stifel Flags Sector-Wide Caution
McCormick & Company Inc. (NYSE:MKC) is one of the best defensive stocks to invest in according to analysts. In its Q2 2025 results report at the end of June, the company highlighted headwinds from tariff costs over FY 2025, which it plans to offset through adjustments in sourcing of materials, pricing, and cost discipline. However, pricing seems to be slightly less elastic for the company, and most of the revenue growth appears to be coming from higher volumes, as pricing has declined for the last three quarters, while it contributed only 0.3% towards the organic sales growth of 1.6% in Q2. McCormick's share price has already lost around 8% YTD, and the market appears cautious on the consumption trends. In a note dated July 29, Stifel Nicolaus analyst Matthew Smith revised his outlook on the company and lowered the price target from $82 to $76 while maintaining a Hold rating. Smith expressed a cautious stance ahead of the second-quarter earnings season, particularly for food sector stocks under his coverage. The analyst pointed to ongoing softness in consumer demand that persisted through the second quarter, contributing to a more conservative view on the group's performance. For 2025, Stifel projects only about 1% organic sales growth across its food and beverage coverage universe, alongside an average EPS decline of 15%. Given these subdued expectations, the analyst advised investors to take a selective approach when considering exposure to the food sector. McCormick & Company Inc. (NYSE:MKC) manufactures and markets spices, seasoning mixes, condiments, flavour solutions, and other products to the food industry. While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Oversold S&P 500 Stocks So Far in 2025 and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
a day ago
- Yahoo
McCormick (MKC) Gets Price Target Cut as Stifel Flags Sector-Wide Caution
McCormick & Company Inc. (NYSE:MKC) is one of the best defensive stocks to invest in according to analysts. In its Q2 2025 results report at the end of June, the company highlighted headwinds from tariff costs over FY 2025, which it plans to offset through adjustments in sourcing of materials, pricing, and cost discipline. However, pricing seems to be slightly less elastic for the company, and most of the revenue growth appears to be coming from higher volumes, as pricing has declined for the last three quarters, while it contributed only 0.3% towards the organic sales growth of 1.6% in Q2. McCormick's share price has already lost around 8% YTD, and the market appears cautious on the consumption trends. In a note dated July 29, Stifel Nicolaus analyst Matthew Smith revised his outlook on the company and lowered the price target from $82 to $76 while maintaining a Hold rating. Smith expressed a cautious stance ahead of the second-quarter earnings season, particularly for food sector stocks under his coverage. The analyst pointed to ongoing softness in consumer demand that persisted through the second quarter, contributing to a more conservative view on the group's performance. For 2025, Stifel projects only about 1% organic sales growth across its food and beverage coverage universe, alongside an average EPS decline of 15%. Given these subdued expectations, the analyst advised investors to take a selective approach when considering exposure to the food sector. McCormick & Company Inc. (NYSE:MKC) manufactures and markets spices, seasoning mixes, condiments, flavour solutions, and other products to the food industry. While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Oversold S&P 500 Stocks So Far in 2025 and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Accenture Plc (ACN) Rated as a ‘Buy' at Stifel amid Market Challenges
Accenture Plc (NYSE:ACN) is one of the best depressed stocks to buy in 2025. On July 11, analysts at Stifel reiterated a 'Buy' rating on the stock, impressed by the company's management quality despite market challenges. Pixabay/Public Domain While the stock has come under pressure, dropping close to its 52-week low, Stifel insists Accenture is one of the 'consistently best-managed businesses in the sector.' The research firm has reiterated its confidence in the company's leadership team amid the cyclical and secular challenges at play. Stifel has reiterated that the company's fiscal year 2026 consensus estimates are reasonable, if not beatable. The remarks come on Accenture delivering 4% year-over-year organic growth in its fiscal third quarter. Earnings per share in the quarter were up 13% outperforming the expected 6% increase. Accenture Plc (NYSE:ACN) is a global professional services company that provides a wide range of services, including consulting, technology, and operations. It helps clients transform their businesses by leveraging digital technologies like cloud, AI, and data. While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Medical AI Companies to Buy According to Analysts and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
