Barry Callebaut: Credit Suisse begins coverage as a buyer
(CercleFinance.com) - This morning Credit Suisse has begun to monitor the share of Barry Callebaut, a cocoa bean processor, with a buy rating ("outperform") and a target price of 2,350 Swiss francs.
The broker points out that the group is the world leader in outsourced cocoa production (with a market share of around 38% in 2018), along with cocoa bean pressing (around 18%).
According to Credit Suisse, these strong positions should enable Barry Callebaut to report long-term double-digit EPS growth. Analysts expect an acceleration in volumes in the near term.
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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.
The broker points out that the group is the world leader in outsourced cocoa production (with a market share of around 38% in 2018), along with cocoa bean pressing (around 18%).
According to Credit Suisse, these strong positions should enable Barry Callebaut to report long-term double-digit EPS growth. Analysts expect an acceleration in volumes in the near term.
Copyright (c) 2019 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.