Nestlé: Stifel prefers over Barry Callebaut
(CercleFinance.com) - In a sector report, Stifel says that it prefers Nestlé shares ("buy" rating with a target price of 130 CHF) over Barry Callebaut ("hold" rating with a target of 1,800 CHF) in the agri-food sector.
"The market has underestimated the company's improved outlook over the past six months", the broker says, which highlights a return to positive real organic growth in H2 2023 and a favourable recovery in its gross margin over the last few quarters.
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