McCormick Q4 miss brings buying opportunity, says Jefferies Jefferies believes McCormick's Q4 earnings miss and lower than expected FY13 guidance creates an attractive entry point into shares. The firm thinks the company's fundamentals are intact and keeps a Buy rating on the name with a $70 price target.
McCormick backs FY15 adjusted EPS $3.44-$3.51, consensus $3.49 On a reported basis, FY!5 EPS was cut from $3.15-$3.22 from $3.28-$3.35. Backs FY15 adjusted operating income to grow 6%-7%. On a reported basis, operating income is now expected to decline 2%-4%.