Lindt: shares rise after UBS upgrade
(CercleFinance.com) - The Lindt & Spruengli share rose 1.
6% to 82,200 Swiss francs on the SIX Swiss Exchange after UBS upgraded the luxury Swiss chocolate maker from "neutral" to "buy".
In a note to clients, in particular the broker cites the group's "strong organic growth outperformance".
UBS says Lindt's "sound" volume outperformance and pricing power are "underestimated", pointing out that the stock's valuation allows a window of opportunity "to enter the story."
The broker has raised its target price from 78,500 Swiss francs to 88,500 Swiss francs.
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.
6% to 82,200 Swiss francs on the SIX Swiss Exchange after UBS upgraded the luxury Swiss chocolate maker from "neutral" to "buy".
In a note to clients, in particular the broker cites the group's "strong organic growth outperformance".
UBS says Lindt's "sound" volume outperformance and pricing power are "underestimated", pointing out that the stock's valuation allows a window of opportunity "to enter the story."
The broker has raised its target price from 78,500 Swiss francs to 88,500 Swiss francs.
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.