Barry Callebaut: Stifel upgrades stock

(CercleFinance.com) - Stifel has upgraded Barry Callebaut shares from 'hold' to 'buy', with a target price raised from 1,400 CHF to 1,600 CHF, stating that it is becoming more positive about the Swiss chocolate maker in the medium term.


The underlying operational improvements should start to become visible from now on and will offset the existing negative factors, which should support the share price, the broker says.


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