Barry Callebaut: Barclays double upgrades stock
(CercleFinance.com) - Barclays upgrades Barry Callebaut directly from 'underweight' to 'overweight', with a target price raised from 1,450 CHF to 1,800 CHF, judging that the risk/reward ratio looks increasingly attractive on the dossier.
The broker points to the potential for further normalisation of cocoa prices thanks to a more favourable harvest outlook, a growing outsourcing dynamic, as well as firm and tangible progress in the cost reduction program.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker points to the potential for further normalisation of cocoa prices thanks to a more favourable harvest outlook, a growing outsourcing dynamic, as well as firm and tangible progress in the cost reduction program.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.