(News Bulletin 247) – UBS confirms its advice to buy the stock with a target of 2,500 Swiss francs.
‘The increase in chocolate consumer price inflation is negative,’ says UBS. ‘Increased pressure on consumer prices will impact the chocolate market and Barry’s volumes’.
Barry Callebaut announced in mid-January new three-year medium-term forecasts for 2023-24 to 2025-26, consisting of average growth of +4 to 6% in volumes and +8 to 10% in EBIT in local currencies, with further ROIC improvement.
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