Givaudan: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse has raised its target price for the Givaudan share from 2,200 Swiss francs to 2,500 Swiss francs, but maintains an "underperform" rating, seeing "organic growth challenges" ahead.
While the broker believes that the Swiss fragrance and flavour maker's diverse markets and customer exposure provide some earnings resilience, it sees greater valuation and operating momentum at its German rival Symrise.
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While the broker believes that the Swiss fragrance and flavour maker's diverse markets and customer exposure provide some earnings resilience, it sees greater valuation and operating momentum at its German rival Symrise.
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.