Barry Callebaut AG (BARN – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Cedric Norest from Stifel Nicolaus maintained a Buy rating on the stock and has a CHF1,380.00 price target.
Cedric Norest has given his Buy rating due to a combination of factors that suggest potential upside for Barry Callebaut AG’s stock. Despite the company’s recent challenges, including a volume decline and a miss in adjusted EBIT expectations, Norest sees a significant upside to the price target, estimated at 30.8%. This indicates confidence in the stock’s potential recovery and growth.
Furthermore, the company has maintained its target for double-digit adjusted EBIT growth at currency neutral, which suggests strong underlying business fundamentals. Although there is a delay in the BC Next-Level programme, the expected gross savings target remains intact, which could positively impact future profitability. These factors, combined with the resilience shown in certain segments like Gourmet, underpin Norest’s optimistic outlook and Buy rating for the stock.
According to TipRanks, Norest is an analyst with an average return of -14.5% and a 33.33% success rate.
In another report released on April 8, Citi also maintained a Buy rating on the stock with a CHF1,335.00 price target.