Barry Callebaut: UBS upgrades to 'buy'
(CercleFinance.com) - UBS has upgraded its rating on the Barry Callebaut share from "neutral" to "buy," while raising its target price from 1790 Swiss francs to 2050 Swiss francs, meaning upside potential of 19% for the Swiss chocolate maker's share.
"Gourmet value understimated, good volume visibility, combined ratio more stable after industry consolidation and share price correction offers an entry point," the broker says in its research report.
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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.
"Gourmet value understimated, good volume visibility, combined ratio more stable after industry consolidation and share price correction offers an entry point," the broker says in its research report.
Copyright (c) 2019 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.