JP Morgan Rates McCormick (MKC) buy, $63 Price Target
JP Morgan has reaffirmed its buy rating on McCormick & Company, setting a price target of $63, a 27.97% upside from the current price.
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JP Morgan rated McCormick & Company, Incorporated ($MKC) "buy" with a $63 price target on June 12, 2026.
Since the rating, $MKC is down 6.6% after 1 week, up 10.8% after 1 month and down 3.4% to date (from the $48 close on Jun 12, 2026).
MKC
McCormick & Company, Incorporated
Key Points
- On June 12, 2026, JP Morgan reiterated its buy rating on McCormick & Company (NYSE: MKC) with a price target of $63.00.
- The stock closed at $49.23, which is significantly lower than the new target, indicating potential upside for investors.
- Currently, the stock has a P/E ratio of 8.13 and is set to report its next earnings on October 1, 2026.
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JP Morgan's New Target for McCormick
On June 12, 2026, JP Morgan reiterated its buy rating on McCormick & Company (NYSE: MKC), setting a price target of $63. This rating comes as the stock trades at $49.23, suggesting a potential upside for investors if the target is met.
What the Rating Means
JP Morgan's rating reflects confidence in McCormick's future performance. The stock is currently well below the new target, which could attract investors looking for growth. The current price is significantly lower than the 52-week high of $72.41, indicating that there may be room for recovery.
Analysts Set New Price Targets
Several other firms have maintained their positions on McCormick recently. On October 2, 2026, Barclays kept its Equal-Weight rating but lowered its target to $47 from $55. UBS also maintained a Neutral rating with a reduced target of $48, down from $52. Conversely, BNP Paribas holds an Outperform rating but has adjusted its target to $65 from $75. TD Cowen has maintained a Hold rating with a target of $48, while also downgrading its previous target from $55. This mixed sentiment from analysts shows varying levels of confidence in the company's performance.
Stock Performance Context
The stock's current trading price of $49.23 is below its 50-day moving average of $52.53, which could signal a buying opportunity for some investors. Moreover, the stock is trading above its 52-week low of $44.82, indicating a potential recovery phase. With the new target set by JP Morgan, there is an expectation for upward movement in the stock's price.
$MKC price target
McCormick & Company, Incorporated daily closes and this analyst's $63 target. Not advice.
Recent Earnings Outlook
McCormick is scheduled to report its next earnings on October 1, 2026. In its most recent earnings report, the company reported revenue of approximately $7.39 billion, with a revenue growth of 16.7% year-over-year. The company also achieved a net margin of 21.9% and a return on equity of 24.7%, which are strong indicators of its profitability.
What MKC Does
McCormick & Company, headquartered in Hunt Valley, Maryland, is a leading manufacturer and distributor of spices, herbs, and seasoning products. The company operates in two segments: Consumer and Flavor Solutions, serving both retail and foodservice customers globally.
What to Watch at MKC
Investors should keep an eye on McCormick's upcoming earnings report, as it could provide additional insights into the company's performance and future guidance. The reaffirmed buy rating from JP Morgan highlights the firm's continued confidence in McCormick's growth potential, and further analyst updates may follow as the market reacts to the earnings results.
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Source: JP Morgan's rating change on $MKC (Jun 12, 2026). Written by software, not financial advice. How we make alerts