TD Cowen Downgrades McCormick & Co to Hold, Lowers Price Target to $55
TD Cowen analyst Robert Moskow downgrades McCormick & Co (NYSE:MKC) from Buy to Hold and lowers the price target from $60 to $55.
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https://www.gov.uk/cma-cases/mccormick-slash-unilever-merger-inquiry
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TD Cowen analyst Robert Moskow downgrades McCormick & Co (NYSE:MKC) from Buy to Hold and lowers the price target from $60 to $55.
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The global skin care products market is projected to grow from USD 166 billion in 2025 to USD 262 billion by 2034, with a CAGR of approximately 5%. Growth is driven by rising consumer awareness of skin health, increasing disposable incomes, demand for premium and personalized products, and the influence of social media trends. Asia-Pacific leads with 38% market share, while North America is the fastest-growing region. Key players include L'Oréal, Unilever, Procter & Gamble, and Estée Lauder.