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McCormick & Company, Incorporated (MKC) Lowered to "Sell" at Zacks Investment Research
2016-01-31 05:00:45| Food - Topix.net
According to Zacks, "McCormick is recently facing weakness as a result of lower profits from the Kohinoor business and the effect of a recent decline in Mexican peso on the company's income from unconsolidated operations. In fact, the company expects 2015 earnings to be at the lower end of the company's previously guided range of $3.47 to $3.54 due to the current projection of operating income and the impact of the recent decline in Mexico peso on McCormick's income from unconsolidated operations, despite higher sales and increased cost savings target.
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Category:Food and Related Products