04:25 PM EDT, 03/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $1 to $89, 29x our FY 25 (Nov.) EPS of $3.07 (up from $3.04; FY 26 to $3.31 from $3.26), aligning with its five-year average forward P/E. F1Q results slightly missed consensus, mainly due to one-time factors like unfavorable FX and SG&A timing shifts. Notably, F1Q was expected to be the weakest of the year. Looking ahead, we anticipate stronger organic sales growth as MKC laps last year's price investments. Gross margin expansion should also improve, supported by organic sales growth and cost savings. Upside potential exists if consumer packaged goods volumes rebound or quick-service foot traffic recovers, both benefiting the Flavor Solutions segment. Overall, MKC remains a top pick in packaged foods, given its strong volume-driven growth and margin expansion opportunities. We like the company's exposure to fast-growing categories like spices, mixes, and condiments (e.g., hot sauce). In addition, MKC should benefit from consumer trends like more flavorful cooking at home.