Barry Callebaut: UBS raises target price

(CercleFinance.com) - UBS reinstates its "buy" recommendation on Barry Callebaut shares having increased its target price for them from 2,400 to 2,600 Swiss francs, with the latter suggesting upside potential of 13% for the Swiss chocolate maker's stock.


"Reaching record profitability in FY 22E (on constant FX) is a positive in a challenging and inflationary global supply chain environment," the broker says, which sees "Strong volumes and record LFL profitability ahead".


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