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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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 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.
Copyright (c) 2023 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.