Jefferies cuts PT on McCormick citing EMEA pressures heading into Q3

** Brokerage Jefferies cuts PT on spices and condiments maker McCormick and Company MKC.N to $84 from $90

** Jefferies sees MKC facing some near-term challenges especially in flavor solutions as big packaged companies have softer volumes and EMEA geopolitical issues are hurting quick-service restaurant (QSR) traffic

** "Flavor Solutions and EMEA pressures are still a watchout heading into Q3," Jefferies says

** Six of 16 analysts rate stock "buy" or higher, nine "hold", and one "sell"; median PT is $82.50 - data compiled by LSEG

** Including session's move, stock down 14.1% YTD