Barry Callebaut: Barclays still a seller, trims TP

(CercleFinance.com) - Barclays reaffirms its 'underweight' recommendation on Barry Callebaut shares, trimming its target price from 1,410 CHF to 1,400 CHF, concerned about the risk of executing the Next Level plan and the outlook for end-market volumes.


"BARN is managing a challenging environment relatively well but the unprecedented increase in cocoa prices YTD would only fully hit industry P&L in 2025", the broker warns.


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