McCormick Stock Tanks After Q3 Earnings Beat, Higher Tariffs Impact Outlook

While McCormick & Company Inc (NYSE:MKC) delivered an earnings beat for the third quarter, its 2025 outlook reflects increased tariff-related cost pressures, according to BofA Securities.The McCormick Analyst: Analyst Peter Galbo maintained a Buy rating and price target of $96.The McCormick Thesis: The company reported adjusted earnings of 85 cents per share, beating consensus of 81 cents per share, Galbo said in the note.Check out other analyst stock ratings.The beat was driven by sales and SG&A leverage, ...