JPMorgan and UBS adjust McCormick price targets amid demand trends and inflation expectations ahead of Q2 earnings.
JPMorgan lowered its price target for McCormick (MKC) to $63 from $64 while maintaining an Overweight rating. The firm noted that the company’s reiterated annual guidance appears well-telegraphed in its Q2 earnings preview.
UBS analyst Peter Grom also reduced McCormick’s price target to $51 from $53, keeping a Neutral rating. Grom cited updated expectations across the food sector to reflect demand trends and inflation. Earlier, activist hedge fund Toms Capital Investment Management built a significant stake in MKC after its planned acquisition of Unilever’s food business.
Shares of McCormick rose 75 cents to $47.58 following reports of the activist stake on May 29, 2026.