Barry Callebaut: UBS maintains 'buy' rating
(CercleFinance.com) - UBS is maintaining a "buy" rating on the shares of Swiss chocolate maker Barry Callebaut, sticking to its target price of 2,200.
00 Swiss francs, citing "reassuring catalysts".
"Barry is gaining market share after years strengthening its importance in the supply chain, which is supporting its valuation multiple expansion prospects," the broker said in a research note.
Barry Callebaut shares are currently up 0.8% at 2,164 Swiss francs in Zurich, slightly outperforming a 0.6% rise in the Swiss blue-chip SMI index.
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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.
00 Swiss francs, citing "reassuring catalysts".
"Barry is gaining market share after years strengthening its importance in the supply chain, which is supporting its valuation multiple expansion prospects," the broker said in a research note.
Barry Callebaut shares are currently up 0.8% at 2,164 Swiss francs in Zurich, slightly outperforming a 0.6% rise in the Swiss blue-chip SMI index.
Copyright (c) 2020 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.