Givaudan: UBS maintains 'buy' rating, raises TP
(CercleFinance.com) - UBS has reinstated its 'buy' rating on Givaudan shares, having increased its corresponding target price to 4,240 Swiss francs (from 4,150 Swiss francs), implying upside potential of 13% for the Swiss fragrance and flavour supplier.
The broker expects a good start to 2021 in terms of organic sales growth in the first quarter. "Givaudan will also host an Investor seminar next Tuesday (13 April) where we expect ESG initiatives to be the primary focus," it adds.
The share is currently up the best part of 2%, outperforming a pretty flat market in Zurich.
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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 broker expects a good start to 2021 in terms of organic sales growth in the first quarter. "Givaudan will also host an Investor seminar next Tuesday (13 April) where we expect ESG initiatives to be the primary focus," it adds.
The share is currently up the best part of 2%, outperforming a pretty flat market in Zurich.
Copyright (c) 2021 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.