Givaudan: Berenberg upgrades to 'buy'

(CercleFinance.com) - Berenberg has upgraded its rating on the Givaudan share from "hold" to "buy," while raising its target price from 2,650 Swiss francs to 3,150 Swiss francs.


After revisiting the attractions of the flavours and fragrances sector that have driven its premium versus packaged food - superior organic growth, margins, etc... - the German broker believes that the sector "still has the magic ingredient".

Givaudan shares, which are traded on the SIX Swiss Exchange, are currently up 0.5% at 2,755 Swiss francs.

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