Barry Callebaut: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded its recommendation on Barry Callebaut shares from 'sell' to 'neutral', raising its target price for them from 1180 CHF to 1350 CHF, a new target that offers 5% upside potential for the stock.


In the summary of its research note on the Swiss chocolate maker, the broker considers that the peak in cash outflows is probably behind us and that it is now digested by investors.


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