UBS has upgraded its recommendation on Barry Callebaut from 'sell' to 'neutral' and has raised its target price from 1180 to 1350 Swiss francs, 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'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.