Robertet: Stifel initiates coverage as a buyer
(CercleFinance.com) - Stifel initiates coverage of Robertet shares with a "buy" rating and a target price of E1,000, implying 24% upside potential for the French flavour and fragrance group's stock.
"The company, the world's seventh-largest producer, operates in a fundamentally buoyant, low-cyclical market and benefits from the pricing power of a highly concentrated industry", the broker says.
"Within the Flavours & Fragrances industry, Robertet benefits above all from its unique positioning and leadership in natural raw materials and luxury fragrances, which attract the envy of all its major competitors", it adds.
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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 company, the world's seventh-largest producer, operates in a fundamentally buoyant, low-cyclical market and benefits from the pricing power of a highly concentrated industry", the broker says.
"Within the Flavours & Fragrances industry, Robertet benefits above all from its unique positioning and leadership in natural raw materials and luxury fragrances, which attract the envy of all its major competitors", it adds.
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.