Barry Callebaut: UBS still a buyer

(CercleFinance.com) - UBS reiterates its buy rating on the stock with a target of 2,500 Swiss francs.


The broker says "rising consumer price sensitivity to impact chocolate market and Barry volumes".

In mid-January Barry Callebaut announced new three-year medium-term forecasts for 2023-24 to 2025-26, consisting of average volume growth of +4-6% and EBIT growth of +8-10% in local currencies, with a further improvement in ROIC.


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