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.
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.