Deutsche Bank Maintains Buy Opinion On McCormick

According to Deutsche Bank, McCormick (NYSE: MKC) retains its Buy opinion.

Deutsche Bank reported that it believes LT goals (4-6% sales, 9-11% EPS) can be achieved and thus valuation can still modestly expand. “In addition share leadership, new products, solid profitability, productivity programs, strong B/S and FCF are all highly compelling. These factors are what bolster our long held BUY opinion.”

McCormick closed yesterday at $47.91.