In a report released today, Feng Zhang from Jefferies maintained a Buy rating on JDE Peet’s NV (JDEP – Research Report), with a price target of €25.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Feng Zhang has given his Buy rating due to a combination of factors that highlight JDE Peet’s strategic adjustments and promising financial outlook. The company is streamlining its operations by divesting non-core businesses, such as its tea business in Turkey, and halting the rollout of L’Or machines in the US. These moves are expected to enhance focus on core areas, potentially boosting growth and profitability.
Additionally, the recent trading update for the first quarter is encouraging, as it aligns with the company’s financial guidance for fiscal year 2025. Despite uncertainties regarding consumer demand elasticity in response to price increases, the strategic changes and positive sales trends under new management are likely to bolster investor confidence and positively impact the stock’s performance.
According to TipRanks, Zhang is a 3-star analyst with an average return of 9.0% and an 80.00% success rate.