Barclays downgraded Givaudan (GVDNY) to Equal Weight from Overweight with a price target of CHF 3,050, down from CHF 3,550. The firm says a “renewed spike” in costs from the Middle East conflict reopens the pricing cycle for European consumer ingredients. Volumes, not costs, are the bigger concern, the analyst tells investors in a research note.
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Read More on GVDNY:
- Givaudan downgraded to Hold from Buy at Deutsche Bank
- Givaudan price target lowered to CHF 2,875 from CHF 3,000 at Morgan Stanley
- Givaudan price target lowered to CHF 3,150 from CHF 3,350 at Citi
- Givaudan downgraded to Sell from Buy at Goldman Sachs
- Givaudan price target lowered to CHF 3,350 from CHF 3,500 at Citi