Givaudan: UBS cuts target price
(CercleFinance.com) - UBS expects Q1 volume growth to remain above its long-term trend of around 4%.
The analyst maintains a neutral rating on the stock, while reducing his target price to 4,280 CHF (4,310 CHF) (cp: 3966, -2.2%).
We forecast sales growth of 7.4% in the operating products market (with volume growth of 5.8%) for Q1 2025. Will a good start to 2025 be enough to attract investors back to Givaudan (and the ingredients sector more generally)? UBS wonders in its daily comments.
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