Lindt & Sprungli: Stifel raises target price

(CercleFinance.com) - Stifel maintains its Buy rating on Lindt & Sprungli shares, with a price target raised from 11,200 CHF to 11,400 CHF.


Sales for 2024 and initial forecasts for 2025, with organic sales growth forecast at +7%-9%, have been reassuring overall, demonstrating once again Lindt & Sprüngli's pricing power, the analyst says.

Management aims to implement double-digit price increases next year, with limited impact on volume growth (low to mid-single-digit decline).

The broker believes that Lindt is well positioned to buck industry trends and continue to gain market share.

Against this backdrop, Stifel raises its EBIT estimate for FY 2024 by 1% and its organic sales growth estimate for 2025 to +8% (from +7.5% previously).


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