Givaudan: UBS lowers its price target

(CercleFinance.com) - UBS confirms its neutral opinion on the stock, but lowers its target price to 4380 Swiss francs (from 4520 Swiss francs).
This new target represents an 8% upside potential for the stock.

'UBS is 2%/3% ahead of consensus for comparable EBITDA 2024/2025', says the analyst firm.

In the medium to long term, Givaudan is targeting like-for-like sales growth of 4-5% and free cash flow of at least 12%, both indicators being measured on average over the five-year strategic cycle.

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