DSM: shares slightly up after broker raises target

(CercleFinance.com) - Shares of DSM slightly rose on Monday after Barclays raised its price target on the Dutch vitamins maker to 120 euros from 108 euros.


In a note to clients, Barclays said it has become more optimistic on the contribution from the human nutrition business, the quality of which is under-appreciated.

"DSM stands to benefit from the opportunities arising from a changing landscape in food & beverage, which allows it to leverage its broad, integrated ingredients portfolio to gain a bigger share of their customers' wallets," the broker wrote.

Still, the shares of the food and chemicals group only have limited upside potential to Barclays' new price target, and DSM was gaining just 0.3% at 112.8 euros today on Euronext Amsterdam.

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