BARRY CALLEBAUT : UBS moves to 'sell', target reduced
In a research note, the analyst said he was taking a "more cautious" view of the stock, particularly in view of the tensions currently affecting the global chocolate market.
The study dwells on the recent surge in cocoa bean prices, against a backdrop of unfavorable weather, a factor which should be reflected in chocolate prices and penalize Barry's sales over the 2024-2025 period, according to the intermediary.
With a PER of 18x, the share's valuation is however too stretched to support half-hearted growth and uncertain cash flow, judges the professional.
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