(CercleFinance.com) – Berenberg reinitiates coverage of Barry Callebaut with a ‘buy’ recommendation and a price target of 2,600 Swiss francs, judging that the chocolate maker offers strong growth driven by volumes and a resilient earnings profile in the face of the current inflation.
“Equities have struggled to gain momentum over the past few years, but we believe that the prospects for reliable results and growth provide a solid foundation for a significant revaluation”, judges the broker.
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