Jefferies upgraded Givaudan (GVDNY) to Buy from Hold with a price target of CHF 3,800, up from CHF 3,600. The firm adjusted ratings in the European chemicals sector, saying finding earnings support in 2026 is like “searching for mirage in the desert.” It cites valuations for the rating changes.
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Read More on GVDNY:
- Givaudan price target raised to CHF 3,990 from CHF 3,955 at Berenberg
- Givaudan downgraded to Neutral from Overweight at JPMorgan
- Givaudan price target lowered to CHF 3,300 from CHF 3,700 at Deutsche Bank
- Givaudan price target lowered to CHF 3,725 from CHF 4,350 at Citi
- Givaudan upgraded to Hold at Jefferies on peer-leading organic sales growth