Givaudan: Jefferies raises TP

(CercleFinance.com) - Jefferies confirms its 'underperform' rating on Givaudan shares, with a target price raised from 2,800 CHF to 3,000 CHF (cp: 4,315 CHF, +1%), considering that while "the stars are currently aligned" on achieving growth and margins, the share's valuation reflects this.


With the fragrances and flavors group due to publish its H1 results on 23 July, the broker forecasts organic sales growth of +14.7% for Q2 (vs. consensus of 9.5%), and an underlying EBITDA margin of 24.4% for H1.


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