Barry Callebaut: shares jump after upgrade
(CercleFinance.com) - Barry Callebaut shares are up 5.
6% at 1,893 Swiss francs in early trading on Wednesday, after UBS upgraded the Swiss chocolate maker from "sell" to "neutral".
In a note to clients, the broker highlights an "improving risk/reward" for the stock.
"We think near term catalysts should be reassuring," UBS wrote in the report.
The analyst also raised his target price for the stock from 1,340 Swiss francs to 1,790 Swiss francs.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
6% at 1,893 Swiss francs in early trading on Wednesday, after UBS upgraded the Swiss chocolate maker from "sell" to "neutral".
In a note to clients, the broker highlights an "improving risk/reward" for the stock.
"We think near term catalysts should be reassuring," UBS wrote in the report.
The analyst also raised his target price for the stock from 1,340 Swiss francs to 1,790 Swiss francs.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.