Givaudan: Berenberg upgrades to buy recommendation

(CercleFinance.com) - Berenberg announced on Friday that it had upgraded its recommendation on Givaudan shares from 'hold' to 'buy', with a price target raised from 3850 to 4700 Swiss francs.


In a note on the sector, the German bank's analysts explain that they expect numerous innovations to be brought to market this year by manufacturers, with the aim of supporting sales growth.

Berenberg points to a particularly buoyant environment for the beauty, personal care and ready-to-use beverage segments, a dynamic that its teams consider beneficial for Givaudan, which generates over 5% of its sales in these three businesses.

The German bank concludes that the flavor and fragrance manufacturer is 'best placed' to take advantage of these trends in 2025, leading it to raise its recommendation on the stock.

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