Lindt & Sprüngli: UBS raises target price
(CercleFinance.com) - UBS has said it has raised its target price for the registered shares of Swiss chocolate maker Lindt & Sprüngli to reflect the group's accelerating growth outperformance.
The broker - which has a "buy" rating on the stock - now targets 78,000 Swiss francs, against 75,000 Swiss francs previously.
"We detect improvements for Lindt on brand awareness and recognise above average brand loyalty," UBS said in a note sent to clients.
"Its taste and quality perception remain a competitive edge," UBS wrote in the report.
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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 - which has a "buy" rating on the stock - now targets 78,000 Swiss francs, against 75,000 Swiss francs previously.
"We detect improvements for Lindt on brand awareness and recognise above average brand loyalty," UBS said in a note sent to clients.
"Its taste and quality perception remain a competitive edge," UBS wrote in the report.
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.