Lindt: shares up; Morgan Stanley says 'overweight'
(CercleFinance.com) - Shares in Lindt & Spruengli are up almost 3% today, with Morgan Stanley initiating its coverage of the stock with an "overweight" recommendation, citing premium "excellence.
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"Rumours of the demise of chocolate are overdone," analysts at Morgan Stanley say.
"We estimate about 2% global growth and low regulatory risk, and expect trends to favour premium/specialty over mass/impulse," they add.
Morgan Stanley says it sees Lindt as "a relative winner".
The stock is currently up 2.7% on the Zurich Stock Exchange.
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.
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"Rumours of the demise of chocolate are overdone," analysts at Morgan Stanley say.
"We estimate about 2% global growth and low regulatory risk, and expect trends to favour premium/specialty over mass/impulse," they add.
Morgan Stanley says it sees Lindt as "a relative winner".
The stock is currently up 2.7% on the Zurich Stock Exchange.
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.