Givaudan: Barclays ups target price

(CercleFinance.com) - Barclays maintains its 'equal weight' recommendation on Givaudan shares, with a target price raised from 4070 CHF to 4200 CHF, pointing to a solid third quarter, with broad-based volume growth across activities and regions.


Forecasts of normaliSed growth in Q4 have somewhat overshadowed the picture, but this was not unexpected, the broker says, which has raised its 2024 EPS estimate by 2.1%, thanks to stronger volume and margin assumptions.


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