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Tate & Lyle downgraded to Hold from Buy at Berenberg

Tate & Lyle downgraded to Hold from Buy at Berenberg

Berenberg analyst Samantha Darbyshire downgraded Tate & Lyle to Hold from Buy with a price target of 600 GBp, down from 900 GBp. The firm sees no signs of a near-term improvement in pricing conditions or the company’s volume outlook.

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