McCormick Reaches Analyst Target Price
February 22, 2017 at 09:17 AM EST
In recent trading, shares of McCormick & Co Inc (MKC) have crossed above the average analyst 12-month target price of $98.43, changing hands for $98.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..