Goldman Sachs analyst Georgina Fraser downgraded Givaudan (GVDNY) to Sell from Buy with a price target of CHF 2,900, down from CHF 4,100. The firm adjusted seven ratings in the European chemicals group, shifting its sector view to a pro-cyclical stance from a previously defensive stance.
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Read More on GVDNY:
- Givaudan price target lowered to CHF 3,350 from CHF 3,500 at Citi
- Givaudan price target lowered to CHF 3,000 from CHF 3,200 at Morgan Stanley
- Givaudan price target lowered to CHF 3,600 from CHF 4,000 at JPMorgan
- Givaudan price target lowered to CHF 3,750 from CHF 3,900 at Deutsche Bank
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