Givaudan: UBS lowers target price

(CercleFinance.com) - UBS confirms its neutral rating on the stock, but lowers its target price to 4380 CHF (from 4520 CHF), representing 8% upside potential.


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

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


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