Chris Kuiper | Source | Equity Analyst at CFRA
Chris Kuiper
Equity Analyst at CFRA
and 1 other company
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CFRA Research
Equity Research Analyst -
CFRA (https://www.cfraresearch.com)
Equity Analyst
started Jun 2017
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McCormick shares tumble after disappointing fourth-quarter earnings
Shares of McCormick & Co. Inc. tumbled more than 10 percent Thursday after the Hunt Valley spice maker missed profit estimates and said sales growth slowed in the fourth quarter.
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We still like McCormick’s strong and durable brand, but with growth expectations lowered, we do not see shares as attractive at this valuation.
