(News Bulletin 247) – UBS confirms its advice to buy the stock with a target price of 2,500 Swiss francs.
‘After the marked improvement in EBIT in the first half, we see a risk of a low to mid-single digit upside compared to the consensus expectations for EBIT’, indicates the analysts’ office.
‘ The importance of the product line is increasing. We are slightly increasing our EPS for fiscal year 2023E by +2%’ adds UBS.
It should be recalled that in mid-January Barry Callebaut announced 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 a further improvement in ROIC.
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