Stifel initiates coverage of Robertet with a 'buy' recommendation and a price target of 1,000 euros, implying a potential upside of 24% for the share of the French flavors and fragrances group.

The company, the world's seventh largest producer, operates in a fundamentally dynamic, low-cyclical market, and benefits from the pricing power of a highly concentrated sector", emphasizes the broker

"Within the sector, Robertet benefits above all from its unique positioning and leadership in natural raw materials and luxury fragrances, which are the envy of all its major competitors", he continues.

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