Jefferies upgraded Givaudan (GVDNY) to Hold from Underperform with a price target of CHF 3,600, up from CHF 3,200. European consumer chemical stocks has derated 15% year-to-date and sentiment remains challenging, notes the analyst, who upgrades Givaudan to Hold as a “best-in-class” flavor and fragrance player with the highest organic sales growth among peers.
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Read More on GVDNY:
- Givaudan upgraded to Hold from Underperform at Jefferies
- Givaudan price target lowered to CHF 4,200 from CHF 4,300 at JPMorgan
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