Lindt: UBS preferred choice in the sector

(CercleFinance.com) - UBS confirms its Buy recommendation on the stock, with an unchanged target of 125,500 Swiss francs, representing upside potential of 14%.


"Lindt remains our preferred pick in the Swiss small and midcap staple universe" the broker says.

It adds that the company is well on track to increase its margins in 2024E, despite the peak in cocoa prices.

Lindt & Sprüngli expects 2024 organic sales growth of 6% to 8%, with its operating margin increasing by 20bp to 40bp.


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