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Tate & Lyle reinstated with a Neutral at Citi

Tate & Lyle reinstated with a Neutral at Citi

Citi reinstated coverage of Tate & Lyle with a Neutral rating and 725 GBp price target The firm sees scope for mid-to-high single digit consensus upside on revenue synergies as the “new Tate” pivots further towards specialty solution selling, but says execution risks exist around what remains a complex integration.

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