Givaudan SA / Analyst ratings

Price targets

Stock price loading... No stock price available Stock price provided by Lang & Schwarz, Price targets by dpa-AFX

Analyst ratings

8 analysts rated this company in the past 90 days. The average target price is €4.23K, this is a change of +16.4% compared to the current price.

September 25, 2025
Berenberg lowers target for Givaudan to CHF 3,955 - 'Buy'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Givaudan from CHF 4,630 to CHF 3,955, but maintained its rating at "Buy." Fulvio Cazzol wrote in his assessment published Friday that the flavor manufacturer's end markets are weak. However, its quality remains consistently high./rob/ag/zb

Publication of the original study: September 25, 2025 / 4:16 p.m. / GMT

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 16, 2025
UBS lowers target for Givaudan to 3,600 francs - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Givaudan from CHF 3,650 to CHF 3,600 ahead of its quarterly results, leaving its rating at "Neutral." The flavor and fragrance manufacturer is expected to report organic growth of 4.0 percent, half a percentage point below its previous forecast, Charles Eden wrote in a study released Wednesday. The expert lowered his earnings (EPS) estimates for the years 2025 to 2027 by one percent each./rob/edh/tav

Publication of the original study: September 16, 2025 / 3:07 p.m. / GMT. First distribution of the original study: September 16, 2025 / Time not specified in study / Time zone not specified in study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 16, 2025
JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Givaudan's "Overweight" rating with a price target of CHF 4,200. Organic sales growth is expected to have continued to normalize, even in light of challenging comparative data from the previous year, wrote Celine Pannuti in her outlook on the flavor and fragrance manufacturer's quarterly results due in mid-October, published Tuesday. Given the below-average performance since the beginning of the year, the stock is now trading at only a slight sector premium./rob/gl/tav

Publication of the original study: September 16, 2025 / 11:45 a.m. / BST First distribution of the original study: September 16, 2025 / 11:45 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 12, 2025
Jefferies upgrades Givaudan to 'Hold' - target 3,600 Swiss francs

NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies has upgraded Givaudan from "Underperform" to "Hold" and raised its price target from CHF 3,200 to CHF 3,600. The flavors and fragrances group impresses with its margins, growth, and robustness, wrote Chris Counihan in an industry report released Friday. However, Givaudan is not immune to weakening end markets. The environment remains challenging for the industry./niw/mis

Publication of the original study: September 12, 2025 / 9:59 a.m. / ET

First distribution of the original study: September 12, 2025 / 11:32 a.m. / ET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 28, 2025
JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Overweight" with a price target of CHF 4,200. The fragrance and flavor manufacturer's medium-term targets through 2030 underscore its quality, wrote Celine Pannuti in her commentary on the Swiss company's summer conference on Thursday. She sees the premium valuation as substantiated./rob/ag/gl

Publication of the original study: August 28, 2025 / 12:04 AM / BST First distribution of the original study: August 28, 2025 / 12:15 AM / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 27, 2025
UBS maintains Givaudan at 'Neutral' - target 3,650 francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 3,650. Shares of the flavor manufacturer are likely to initially lag the overall market somewhat in response to the external successor solution for the CEO, Charles Eden wrote on Wednesday. The Group's targets for 2030, published at the same time, largely correspond to expectations./rob/ag/ajx

Publication of the original study: August 27, 2025 / 5:25 a.m. / GMT First distribution of the original study: August 27, 2025 / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 27, 2025
JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for Givaudan at "Overweight" with a price target of CHF 4,200. Analyst Celine Pannuti sees little price momentum for the flavor manufacturer's shares on Wednesday from the publication of its targets for 2030 and the successor plan for the CEO./rob/ag/ajx

Publication of the original study: August 27, 2025 / 6:48 a.m. / BST

First distribution of the original study: August 27, 2025 / 6:48 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 27, 2025
Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,200

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Givaudan at "underperform" with a price target of CHF 3,200. Analyst Chris Counihan wrote this on Wednesday following the announcement of the company's targets through 2030 and the successor solution for the CEO at the flavor manufacturer's investor day./ag/ajx

Publication of the original study: August 27, 2025 / 1:20 a.m. / ET

First distribution of the original study: August 27, 2025 / 1:20 a.m. / ET

Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 13, 2025
UBS lowers target for Givaudan to 3,650 francs - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Givaudan from CHF 3,900 to CHF 3,650 ahead of its annual analyst event, leaving the rating at "Neutral." The flavor and fragrance manufacturer is likely to present strategic targets through 2030 at the same level as before, Charles Eden wrote in an assessment released Thursday. Investors are also expected to provide a possible update on the search for a successor to the company's CEO position. The expert justified the lower price target with an industry-related revaluation./rob/la/bek

Publication of the original study: August 13, 2025 / 2:28 PM / GMT

First distribution of the original study: August 14, 2025 / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 23, 2025
DZ Bank lowers fair value for Givaudan to CHF 3,800 – 'Hold'

FRANKFURT (dpa-AFX Analyst) - DZ Bank has lowered its fair value for Givaudan shares from CHF 4,085 to CHF 3,800 and maintained its "Hold" rating. Analyst Thomas Maul noted in his assessment on Wednesday that sales performance in the second quarter was surprisingly weak, while profitability was higher than expected. The expert reduced its revenue and earnings estimates due to higher negative currency effects and lower organic growth assumptions in both Group segments./rob/ajx/he

Publication of the original study: July 23, 2025 / 4:38 p.m. / Time zone not specified in the study. First distribution of the original study: July 23, 2025 / 4:42 p.m. / Time zone not specified in the study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 23, 2025
Goldman lowers target for Givaudan to CHF 4,300 - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Givaudan from CHF 4,500 to CHF 4,300, but maintained its "Buy" rating. Analyst Georgina Fraser adjusted her estimates for the Swiss company on Wednesday, reflecting the weaker-than-expected first-half results. However, the investment story remains fundamentally unchanged./ag/gl

Publication of the original study: July 23, 2025 / 1:13 a.m. / GST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
UBS lowers target for Givaudan to 3,900 francs - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Givaudan from CHF 4,150 to CHF 3,900 and left its rating at "Neutral." In an assessment released Wednesday, Charles Eden lowered his annual earnings and cash flow (FCF) forecasts, saying they are slightly below consensus estimates. These are also likely to decline according to the flavor and fragrance manufacturer's latest quarterly figures./gl/zb

Publication of the original study: July 22, 2025 / 9:59 PM / GMT. First distribution of the original study: July 22, 2025 / 9:59 PM / GMT.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
JPMorgan lowers target for Givaudan to 4,200 francs - 'Overweight'

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Givaudan from 4,300 to 4,200 Swiss francs, but maintained its "overweight" rating. Analyst Celine Pannuti slightly lowered her earnings estimate for the Swiss company on Tuesday due to currency effects. However, solid increases in sales volumes should further secure the valuation premium./rob/ag/ajx

Publication of the original study: July 22, 2025 / 10:11 PM / BST

First distribution of the original study: July 23, 2025 / 12:15 AM / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
JPMorgan maintains Givaudan at 'Overweight' - target 4,300 francs

NEW YORK (dpa-AFX Analyst) - Following its quarterly results, US bank JPMorgan maintained Givaudan's "Overweight" rating with a price target of CHF 4,300. The flavor and fragrance manufacturer disappointed with its own sales growth, wrote Celine Pannuti in a response released Tuesday. The operating result (EBITDA), however, is in line with expectations, with an improvement in the margin./rob/gl/la

Publication of the original study: July 22, 2025 / 6:50 a.m. / BST First distribution of the original study: July 22, 2025 / 6:51 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
Barclays lowers Givaudan target to 3,900 francs - 'Equal Weight'

LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Givaudan from CHF 4,000 to CHF 3,900, but maintained its rating at "Equal Weight." Alex Sloane wrote on Tuesday that this was a rare disappointment regarding the Swiss company's lowered growth outlook for the full year. He argued that weaker prices are the problem, as volume signals are solid. Sloane praised the increased momentum in the Taste & Wellbeing sector in North America, which is expected to continue accelerating in 2026./ag/gl

Publication of the original study: July 22, 2025 / 5:26 p.m. / GMT. First distribution of the original study: July 23, 2025 / 3:00 a.m. / GMT

Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
Baader Bank maintains Givaudan at 'Add' - target 4230 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its "Add" rating on Givaudan following its quarterly results with a price target of CHF 4,230. The flavor and fragrance manufacturer performed mixed, wrote Konstantin Wiechert in a response released Tuesday. Overall, however, the results underscored the resilience and attractiveness of the Swiss company within the industry./rob/gl/la

Publication of the original study: July 22, 2025 / 8:47 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
UBS leaves Givaudan at 'Neutral' - Target CHF 4,150

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Givaudan, with a price target of CHF 4,150, following the flavor and fragrance manufacturer's figures. Organic sales growth in the first half of the year was below consensus and even significantly below its estimate, Charles Eden wrote in an initial reaction on Tuesday. In contrast, the comparable operating result (EBITDA) development is in line with expectations./rob/gl

Publication of the original study: July 22, 2025 / 5:49 a.m. / GMT. First distribution of the original study: July 22, 2025 / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
Jefferies maintains Givaudan at 'Underperform' - Target CHF 3,500

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "underperform" rating on Givaudan after the company released its earnings results, with a price target of CHF 3,500. The flavor and fragrance manufacturer's adjusted half-year operating result (EBITDA) was slightly above expectations, wrote Chris Counihan in a response released Tuesday. However, organic sales growth in the second quarter was disappointing. The expert expects the share price to come under pressure following the figures.

Publication of the original study: July 22, 2025 / 1:02 a.m. / ET. First distribution of the original study: July 22, 2025 / 1:02 a.m. / ET.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 22, 2025
Berenberg lowers target for Givaudan to CHF 4,630 - 'Buy'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Givaudan from CHF 4,700 to CHF 4,630, but maintained its "Buy" rating. The flavor and fragrance manufacturer presented mixed half-year figures, wrote Fulvio Cazzol in his review published Wednesday. The strong margins would have offset the slower revenue growth./rob/gl/la

Publication of the original study: July 22, 2025 / 4:17 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 14, 2025
Baader Bank maintains Givaudan at 'Add' - target 4230 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Givaudan at "Add," with a price target of CHF 4,230. Analyst Konstantin Wiechert considers the flavor and fragrance manufacturer's shares a particularly attractive "defensive option" in view of its half-year report. He sees potential for positive surprises, even though he partially lowered his estimates on Monday./rob/ck/ag

Publication of the original study: July 14, 2025 / 12:32 / CEST

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
July 7, 2025
Barclays raises Givaudan to 'Equal Weight' - target 4,000 francs

LONDON (dpa-AFX Analyst) - British investment bank Barclays has upgraded Givaudan from "Underweight" to "Equal Weight" and raised its price target from CHF 3,800 to CHF 4,000. Alex Sloane analyzed on Monday the potential impact of plans by US food companies to eliminate synthetic colors and ingredients as part of the government's "Make America Healthy Again" initiative. The expert sees Givaudan and the Kerry Group as the main beneficiaries of potential new product formulations starting in 2026. At Givaudan, Sloane is much more optimistic about sales development in the Taste & Wellbeing segment in the coming years.

Publication of the original study: July 7, 2025 / 4:37 p.m. / GMT

First distribution of the original study: July 8, 2025 / 3:00 a.m. / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
June 25, 2025
Goldman raises target for Givaudan to CHF 4,500 - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Givaudan from CHF 4,255 to CHF 4,500 and maintained its "Buy" rating. Analyst Georgina Fraser raised her operating earnings estimates in her outlook for the Swiss company's half-year report on Wednesday. It cites stronger sales momentum and lower raw material costs as reasons./ag/gl

Publication of the original study: June 25, 2025 / 2:33 p.m. / GST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
June 19, 2025
Berenberg raises target for Givaudan to CHF 4,750 - 'Buy'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Givaudan from CHF 4,700 to CHF 4,750 and maintained its "Buy" rating. The Symrise competitor continued its strong growth in the second quarter, wrote Fulvio Cazzol, the analyst now responsible for the company, in his outlook for the half-year report published on July 22, published Friday. He made only minor adjustments to the estimates./rob/ag/tih

Publication of the original study: June 19, 2025 / 4:10 PM / GMT

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
June 18, 2025
JPMorgan maintains Givaudan at 'Overweight' - target 4,300 francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Overweight" with a price target of CHF 4,300 ahead of second-quarter results. In an outlook released Wednesday, analyst Celine Pannuti forecast robust growth of 6.9 percent for the fragrance and flavor manufacturer on a comparable basis./rob/bek/he

Publication of the original study: June 18, 2025 / 11:56 a.m. / BST First distribution of the original study: June 18, 2025 / 11:56 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
June 4, 2025
UBS raises target for Givaudan to CHF 4,210 - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Givaudan from 4,000 to 4,210 francs, but left its rating at "neutral." Geoff Haire, in his assessment published Thursday, is not exactly optimistic about the chemicals sector, predicting that 2025 and 2026 will likely be years of low volume growth. He incorporated the first-quarter results into his estimates. Due to the impact of tariffs, he reduced his industry earnings expectations for the coming year to a level below consensus. Nevertheless, the price target for Givaudan was higher. Manufacturers of consumer-side chemicals are generally among its favored subsectors./tih/ag

Publication of the original study: June 4, 2025 / 6:15 PM / GMT

First distribution of the original study: June 4, 2025 / 6:15 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
May 23, 2025
UBS leaves Givaudan at 'Neutral' - Target CHF 4,000

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,000. Investors are currently looking for safety, which is rare in the chemicals sector, analyst Geoff Haire wrote on Friday afternoon. Meanwhile, investors are questioning potential downside risks in the cyclical sector, with BASF being the generally preferred alternative. However, economic stimulus programs and capacity cuts are not yet a reason to generally invest in cyclical stocks./tih/ag

Publication of the original study: May 23, 2025 / 4:50 PM / GMT

First distribution of the original study: May 23, 2025 / 4:50 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 13, 2025
JPMorgan lowers target for Givaudan to 4,300 francs - 'Overweight'

NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has lowered its price target for Givaudan from 4,400 to 4,300 francs, but left the rating at "overweight". The flavor group's attractive organic growth underpins the premium valuation of the shares, wrote analyst Celine Pannuti in her review of the financial results published on Monday./ag/gl

Publication of the original study: April 13, 2025 / 6:53 p.m. / BST First distribution of the original study: April 14, 2025 / 12:15 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 11, 2025
Goldman lowers target for Givaudan to CHF 4,255 - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Givaudan from CHF 5,100 to CHF 4,255, but maintained its "Buy" rating. Analyst Georgina Fraser adjusted her estimates for the European chemicals industry on Friday in light of the deteriorating economic situation./ag/mis

Publication of the original study: April 11, 2025 / 9:31 a.m. / GST

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on Givaudan with a price target of CHF 4,400. Analyst Celine Pannuti wrote on Friday following the fragrance and flavor manufacturer's quarterly results that there remains optimism about the company's performance in 2025./ajx/mis

Publication of the original study: April 10, 2025 / 10:00 PM / GMT

First distribution of the original study: April 11, 2025 / 12:15 AM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
Berenberg maintains Givaudan at 'Buy' - target 4,700 francs

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Givaudan with a price target of CHF 4,700. The recently published quarterly figures, with surprisingly high organic sales growth, underscore a strong start to the year for the flavors and fragrances manufacturer, wrote analyst Samantha Darbyshire in a review published Friday. The stock remains her preferred sector stock. She expects the Swiss company to outperform the industry this year.

Publication of the original study: April 10, 2025 / 4:27 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
UBS maintains Givaudan at 'Neutral' - target 4280 francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,280. The impact of US tariffs on the flavor manufacturer is likely to be minimal, analyst Charles Eden wrote in a study released Friday following a company event. The company intends to pass on higher commodity prices to its customers./mf/mis

Publication of the original study: April 10, 2025 / 4:56 PM / GMT

First distribution of the original study: April 10, 2025 / 4:56 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
Baader Bank maintains Givaudan at 'Add' - target 4230 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Givaudan at "Add" with a price target of CHF 4,230 following the first-quarter results. The fragrance and flavorings manufacturer performed better than expected, wrote analyst Konstantin Wiechert in an initial assessment on Thursday. In uncertain times, this underpins his positive stance on the stock./bek/nas

Publication of the original study: April 10, 2025 / 8:13 a.m. / CEST

First distribution of the original study: April 10, 2025 / Time not specified in the study / CEST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Overweight" with a price target of CHF 4,400 following first-quarter sales figures. Comparable growth of 7.4 percent exceeded its 6.8 percent forecast and even exceeded the consensus estimate of 6.0 percent, analyst Celine Pannuti wrote in an initial reaction on Thursday. This was primarily due to the volumes./bek/nas

Publication of the original study: April 10, 2025 / 6:41 a.m. / BST

First distribution of the original study: April 10, 2025 / 6:41 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 10, 2025
Jefferies maintains Givaudan at 'Underperform' - Target CHF 3,500

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Givaudan at "underperform" with a price target of CHF 3,500 following its first-quarter sales figures. Sales were one percent above its assumption and two percent above the consensus estimate, analyst Charlie Bentley wrote in an initial reaction on Thursday. On a comparable basis, the manufacturer of fragrances and flavors performed better than expected in terms of sales growth, supported by the fragrances business./bek/nas

Publication of the original study: April 10, 2025 / 1:30 a.m. / ET

First distribution of the original study: April 10, 2025 / 1:30 a.m. / ET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 7, 2025
Baader Bank maintains Givaudan at 'Add' - target 4230 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Givaudan at "Add" with a price target of CHF 4,230. In an industry study published on Monday, analyst Konstantin Wiechert highlighted stocks from the European chemicals sector that are currently worth considering from a valuation perspective. The Geneva-based flavor and fragrance manufacturer Givaudan does not currently stand out positively in this regard./la/nas

Publication of the original study: April 7, 2025 / 8:12 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
April 3, 2025
Goldman maintains Givaudan 'Buy' - target 5100 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained a "Buy" rating on Givaudan with a price target of CHF 5,100. The recent US import tariffs could have a short-term impact on the margins of flavor and fragrance manufacturers such as Symrise and Givaudan in their core business solely through rising raw material costs, analyst Georgina Fraser wrote in an industry commentary published Thursday. The impact on Croda is less pronounced due to the lower importance of this segment and the insignificant US business. Fraser prefers Novonesis as a "safe haven" in the industry./gl/mis

Publication of the original study: April 3, 2025 / 9:21 a.m. / GST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 17, 2025
Goldman maintains Givaudan 'Buy' - target 5100 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Givaudan with a price target of CHF 5,100. Analyst Georgina Fraser adjusted her estimates on Monday ahead of first-quarter sales figures in mid-April. She slightly raised her operating margin forecast for the first half of the year./ag/bek

Publication of the original study: March 17, 2025 / 9:35 a.m. / GMT

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 14, 2025
Baader Bank lowers target for Givaudan to CHF 4,230 - 'Add'

MUNICH (dpa-AFX Analyst) - Baader Bank lowered its price target for Givaudan from CHF 4,250 to CHF 4,230 ahead of the company's first-quarter results, but maintained its rating at "Add." Analyst Konstantin Wiechert adjusted his estimates in a study released Friday based on current market observations for January and February. He believes reported growth is likely to be somewhat lower due to currency effects. The expert does not expect any significant headwinds from the US tariffs.

Publication of the original study: March 14, 2025 / 9:36 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 14, 2025
Deutsche Bank Research maintains 'Hold' rating on Givaudan

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Givaudan with a price target of CHF 4,000. The flavor and fragrance manufacturer is expected to report another relatively strong quarter on April 10, analyst Virginie Boucher-Ferte wrote in an outlook published on Friday.

Publication of the original study: March 14, 2025 / 8:10 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 13, 2025
UBS lowers target for Givaudan to CHF 4,280 - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Givaudan from CHF 4,310 to CHF 4,280 ahead of first-quarter results and left the rating at "Neutral." The flavor and fragrance manufacturer's volume growth is expected to exceed the long-term trend of around 4 percent, analyst Charles Eden wrote in a study released Friday. He justified the slight reduction in the price target not only with adjusted estimates but also with the lower valuation of other companies in the industry./tih/gl

Publication of the original study: March 13, 2025 / 5:28 PM / GMT. First distribution of the original study: March 13, 2025 / 5:28 PM / GMT.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 13, 2025
Jefferies raises Givaudan target to CHF 3,500 - 'Underperform'

NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Givaudan from CHF 3,400 to CHF 3,500 ahead of the company's earnings release, scheduled for April 10, but maintained its "underperform" rating. Analyst Charlie Bentley raised his expectations for the flavor and fragrance manufacturer's first-quarter organic growth to 6.6 percent in a report released Friday. He continues to prefer shares of Novonesis and DSM-Firmenich due to their greater margin potential./tih/gl

Publication of the original study: March 13, 2025 / 7:26 a.m. / ET First distribution of the original study: March 13, 2025 / 7:26 a.m. / ET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 13, 2025
JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Overweight" with a price target of CHF 4,400 ahead of first-quarter earnings. The flavor and fragrance manufacturer appears to have had a solid start to the year, analyst Celine Pannuti wrote in a report released Thursday. The expert particularly highlighted the continued strength of the growth markets of South Asia, Latin America, Africa, and the Middle East./la/tih

Publication of the original study: March 13, 2025 / 11:12 AM / GMT. First distribution of the original study: March 13, 2025 / 11:12 AM / GMT.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
March 11, 2025
Deutsche Bank raises target for Givaudan to CHF 4,000 - 'Hold'

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Givaudan from CHF 3,950 to CHF 4,000 following a meeting with CEO Gilles Andrier and maintained the rating at "Hold." The tone was quite optimistic, wrote analyst Virginie Boucher-Ferte in a report published Tuesday. This is reassuring given investors' concerns about a sharp slowdown in organic growth./tih/edh

Publication of the original study: March 11, 2025 / Time not specified in the study / CET

First distribution of the original study: March 11, 2025 / 7:50 a.m. / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
February 13, 2025
Berenberg upgrades Givaudan to 'Buy' - target raised to CHF 4,700

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has upgraded Givaudan from "Hold" to "Buy" and raised its price target from CHF 3,850 to CHF 4,700. The flavor and fragrance manufacturer is expected to achieve higher organic growth than its competitors in 2025 and has likely entered a new era of profitability, wrote analyst Fulvio Cazzol in an industry outlook released Friday. The stock also deserves a premium due to the improved conversion of cash inflows into profits and the return on capital employed (ROIC)./gl/tih

Publication of the original study: February 13, 2025 / 7:18 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 27, 2025
Baader Bank raises target for Givaudan to CHF 4,250 - 'Add'

MUNICH (dpa-AFX Analyst) - Baader Bank raised its price target for Givaudan from CHF 4,200 to CHF 4,250 following quarterly results and maintained its rating at "Add." Despite the unexpectedly low dividend proposal, the flavor manufacturer is likely to have another good year ahead, analyst Konstantin Wiechert wrote in a report released Monday. The expert raised its revenue and earnings forecasts for 2025 and 2026./edh/mis

Publication of the original study: January 27, 2025 / 11:43 a.m. / CET

First distribution of the original study: Date not specified in study / Time not specified in study / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 27, 2025
Baader Bank maintains Givaudan at 'Add' - target 4200 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Givaudan at "Add" following its quarterly results, with a price target of CHF 4,200. The flavor and fragrance manufacturer has had another strong quarter, wrote analyst Konstantin Wiechert in an initial response released on Monday. This strengthens his confidence that consensus estimates will rise./edh/ck

Publication of the original study: January 27, 2025 / 8:36 a.m. / CET

First distribution of the original study: Date not specified in study / Time not specified in study / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 27, 2025
Goldman maintains Givaudan 'Buy' - target 5100 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Givaudan with a price target of CHF 5,100. Following the release of its 2024 annual figures, it left its estimate for the flavor and fragrance manufacturer's 2025 adjusted operating profit essentially unchanged, analyst Georgina Fraser wrote in a report released Tuesday. This remains slightly above Visible Alpha's consensus estimate.

Publication of the original study: January 27, 2025 / 5:23 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 27, 2025
UBS lowers target for Givaudan to CHF 4,310 - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Givaudan from CHF 4,380 to CHF 4,310 and left its rating at "Neutral." The adjustment is based on changes to its estimates and a slightly lower industry valuation, analyst Charles Eden wrote in a report published Tuesday. The figures for fiscal year 2024 were roughly in line with expectations, and overall, the flavor and fragrance specialist delivered a solid year-end. Volume trends for 2025 remain at the center of investor discussions./ajx/tihh

Publication of the original study: January 27, 2025 / 5:50 PM / GMT

First distribution of the original study: January 27, 2025 / 5:50 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 26, 2025
JPMorgan upgrades Givaudan to 'Overweight' - target 4,400 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has upgraded Givaudan from "Neutral" to "Overweight" and raised its price target from CHF 4,200 to CHF 4,400. Analyst Celine Pannuti wrote in her recommendation published Monday that the flavor manufacturer's growth drivers and its accelerated debt reduction are not being adequately rewarded. The cash inflow also merits a valuation premium. Pannuti raised its earnings estimates after the excellent year 2024. It is again projecting strong growth for 2025./ag/zb

Publication of the original study: January 26, 2025 / 7:35 PM / GMT

First distribution of the original study: January 27, 2025 / 12:15 AM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 24, 2025
Goldman maintains Givaudan 'Buy' - target 5100 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Givaudan with a price target of CHF 5,100. Unexpectedly strong growth in the Taste & Wellbeing segment also brought an overall positive surprise in the fourth quarter, analyst Georgina Fraser wrote on Friday morning. The outlook remains unchanged; the Swiss want to outperform the market./ag/nas

Publication of the original study: January 24, 2025 / 7:06 a.m. / GMT

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 24, 2025
Berenberg lowers target for Givaudan to CHF 3,850 - 'Hold'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Givaudan from CHF 4,100 to CHF 3,850 following the annual results released on Friday, but maintained its "Hold" rating. Analyst Samantha Darbyshire praised the flavor and fragrance manufacturer's sales momentum in her review published on Monday. Growth is expected to continue this year, although commodity price inflation and its pass-through through selling prices are likely to remain key. However, the predictability of the current year is limited./ck/ag

Publication of the original study: January 24, 2025 / 9:26 PM / GMT

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 24, 2025
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,200. Last year's results were in line with expectations, analyst Celine Pannuti wrote on Friday after the figures. She therefore does not expect any major changes to the consensus./ag/nas

Publication of the original study: January 24, 2025 / 7:03 a.m. / GMT

First distribution of the original study: January 24, 2025 / 7:03 a.m. / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 24, 2025
Baader Bank maintains Givaudan at 'Add' - target 4200 francs

MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Givaudan at "Add" following its 2024 figures, with a price target of CHF 4,200. The fragrance and flavor manufacturer has had another strong quarter, according to a study published by the institute on Friday. Market expectations are likely to continue to rise./mis/nas

Publication of the original study: January 24, 2025 / 8:36 a.m. / CET

First distribution of the original study: January 24, 2025 / Time not specified in study / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 24, 2025
Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,400

NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies has left the rating for Givaudan at "underperform" with a price target of 3,400 francs following the figures for the final quarter. The manufacturer of fragrances and flavors met its operating result expectations and slightly exceeded those of the market, wrote analyst Charlie Bentley in a study released Friday./mis/nas

Publication of the original study: January 24, 2025 / 1:04 AM / ET

First distribution of the original study: January 24, 2025 / 1:04 AM / ET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 13, 2025
Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,400

NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Givaudan at "underperform" with a price target of CHF 3,400. Analyst Charlie Bentley noted positive signals for the fragrance and flavor manufacturer in an industry outlook for 2025 released on Tuesday. However, a peak in the cycle is emerging. The companies are doing well financially, and acquisitions are likely to be the next growth driver./bek/nas

Publication of the original study: January 13, 2025 / 1:03 PM / ET

First distribution of the original study: January 13, 2025 / 7:02 PM / ET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
January 3, 2025
UBS maintains Givaudan at 'Neutral' - Target CHF 4,380

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,380. Analyst Geoff Haire wrote in an industry report released Monday that there will be more uncertainty in the chemicals sector in 2025 than in 2024, which was characterized by a lack of inventory buildup by customers and the beginning of portfolio adjustments by companies. In 2025, the focus will once again be on the prospects for a recovery in demand, but investors should also pay attention to geopolitics – with the US-China relationship and the political environment in Germany and France. In a difficult environment, companies could respond with further cost reductions. Potential positive drivers include government stimulus measures in Germany, the resumption of Russian gas supplies to Europe, and the reconstruction of Ukraine. Overall, the expert prefers defensive subsectors within the industry: consumer chemicals and industrial gas suppliers./mis/bek

Publication of the original study: January 3, 2025 / 11:38 PM / GMT

First distribution of the original study: January 3, 2025 / 11:38 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
December 17, 2024
UBS lowers target for Givaudan to CHF 4,380 - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Givaudan from CHF 4,520 to CHF 4,380, but left its rating at "neutral." Analyst Charles Eden's forecast for second-half operating profit (EBITDA) is 5 percent above consensus. He wrote this on Tuesday evening in his outlook for the January 24 report./ag/edh

Publication of the original study: December 17, 2024 / 6:13 p.m. / GMT

First distribution of the original study: December 18, 2024 / Time not specified in the study / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
December 8, 2024
UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,520. One of the most discussed topics in the European chemical industry is the question of what would happen if Russian gas flowed heavily to Europe again, wrote analyst Geoff Haire in an industry report released Monday. A ceasefire between Russia and Ukraine would reduce the risk premium, lead to increased exports, and thus to significantly lower gas prices. In the chemicals sector, BASF, Covestro, Lanxess, and to a certain extent Yara would benefit the most./edh/mis

Publication of the original study: December 8, 2024 / 5:33 PM / GMT

First distribution of the original study: December 8, 2024 / 5:33 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
December 3, 2024
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Givaudan with a price target of CHF 4,200. An investor event at the flavor and fragrance manufacturer's Digital Factory in Paris demonstrated the technological potential of artificial intelligence (AI) for innovation, wrote analyst Celine Pannuti in her commentary published on Tuesday.

Publication of the original study: December 3, 2024 / 6:40 a.m. / GMT First distribution of the original study: December 3, 2024 / 6:40 a.m. / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
November 28, 2024
Deutsche Bank lowers target for Givaudan to CHF 3,950 - 'Hold'

FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has lowered its price target for Givaudan from 4,300 to 3,950 francs, but left the rating at "Hold". Manufacturers of flavors and fragrances are likely to continue to experience solid business development in 2025, wrote analyst Virginie Boucher-Ferte in her industry outlook published Thursday./edh/ag

Publication of the original study: November 28, 2024 / Time not specified in the study / CET

First distribution of the original study: November 28, 2024 / 7:50 a.m. / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
November 27, 2024
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,200. Analyst Celine Pannuti, in her 2025 outlook for the consumer goods sector published on Wednesday, highlights the overall attractive total share price return (TSR). She is particularly optimistic about tobacco stocks, shares of soft drink manufacturers and breweries, and personal consumer durables (HPC) companies. Pannuti is rather skeptical of alcoholic beverage and food manufacturers and is also rather selective when it comes to food additives./ag/zb

Publication of the original study: November 27, 2024 / 00:52 / GMT

First distribution of the original study: November 27, 2024 / 00:58 / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
November 25, 2024
Baader Bank raises Givaudan to 'Add' and targets CHF 4,200

MUNICH (dpa-AFX Analyst) - Baader Bank has upgraded Givaudan from "Reduce" to "Add" and raised its price target from CHF 4,050 to CHF 4,200. The flavor manufacturer is likely to continue growing faster than the market, analyst Konstantin Wiechert wrote on Monday. The stock should remain an outperformer in the defensive and consumer-oriented quality stocks segment./edh/ag

Publication of the original study: November 25, 2024 / 1:22 PM / CET

First distribution of the original study: Date not specified in study / Time not specified in study / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
November 14, 2024
Barclays downgrades Givaudan to 'Underweight' - target CHF 3,750

LONDON (dpa-AFX Analyst) - British investment bank Barclays has downgraded Givaudan from "Equal Weight" to "Underweight" and lowered its price target from CHF 4,200 to CHF 3,750. Concerns about a normalization of growth among European ingredient suppliers to the consumer goods industry have recently weighed heavily on the sector, wrote analyst Alex Sloane in his outlook published Friday. He then examined market expectations and looked for interesting opportunities. He found them primarily in Novonesis and DSM-Firmenich. Givaudan excels in quality. However, significantly declining growth, unclear succession at the top management, and an extreme valuation premium made the shares unattractive./ag/tih

Publication of the original study: November 14, 2024 / 6:02 PM / GMT

First distribution of the original study: November 15, 2024 / 4:00 AM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
November 13, 2024
UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has left its rating for Givaudan at "Neutral" with a price target of 4,520 francs after a UBS conference. There are still no signs of a slowdown in sales, which some had feared for the final quarter, wrote analyst Charles Eden in a study released Thursday./mis/ajx

Publication of the original study: November 13, 2024 / 8:56 PM / GMT

First distribution of the original study: November 13, 2024 / 8:56 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 23, 2024
UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

ZURICH (dpa-AFX Analyst) - Following an investor event, Swiss bank UBS maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,520. The focus was on the fragrances business, wrote analyst Charles Eden in a report released Wednesday. The generally expected slowdown in growth in this segment has been hotly debated in terms of timing and extent, as well as its impact on profitability./bek/mis

Publication of the original study: October 23, 2024 / 00:40 / GMT

First distribution of the original study: October 23, 2024 / 00:40 / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 14, 2024
UBS raises target for Givaudan to CHF 4,520 - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Givaudan from CHF 4,500 to CHF 4,520 and maintained its rating at "Neutral." In the cyclical chemicals sector, the expected recovery in volume growth did not materialize in the first half of the year, analyst Geoff Haire wrote in an industry report released Monday. Leading indicators remained negative. Looking ahead to 2025, he sees only limited improvements in the construction and agricultural end markets and risks for the automotive sector. Within the sector, he favors shares of consumer chemicals companies and industrial gas producers, while being most pessimistic about agricultural chemicals./ajx/mis

Publication of the original study: October 14, 2024 / 03:17 / GMT

First distribution of the original study: October 14, 2024 / 03:17 / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 11, 2024
Deutsche Bank Research maintains 'Hold' rating on Givaudan

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Givaudan with a price target of CHF 4,300. Following the flavor and fragrance manufacturer's surprisingly strong sales growth in the third quarter, the development is likely to weaken in the final quarter, wrote analyst Virginie Boucher-Ferte in a commentary published Friday.

Publication of the original study: October 11, 2024 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 11, 2024
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" price target on Givaudan with a price target of CHF 4,200. Following the surprisingly strong quarterly sales figures, the bank raised its earnings (EPS) estimates for 2024 slightly, but moderately lowered them for 2025 due to negative exchange rate effects, analyst Celine Pannuti wrote in a commentary published Friday. The figures should support the stock. However, given the historically high valuation premium compared to the industry, further potential appears limited.

Publication of the original study: October 11, 2024 / 7:31 a.m. / BST First distribution of the original study: October 11, 2024 / 7:31 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 10, 2024
Goldman raises target for Givaudan to CHF 4,900 - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has raised its price target for Givaudan from 4,700 to 4,900 Swiss francs and maintained its "Buy" rating. The Swiss company cleared a high hurdle in the third quarter, wrote analyst Georgina Fraser in her commentary on the sales figures released Friday. It raised its estimates, including for the long-term operating margin./ag/gl

Publication of the original study: October 10, 2024 / 6:09 PM / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 10, 2024
Goldman maintains Givaudan 'Buy' - target 4,700 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Givaudan with a price target of CHF 4,700. Growth in the Fragrance & Beauty segment was more dynamic than expected, wrote analyst Georgina Fraser on Thursday morning. This shaped the strong quarter./ag/mf

Publication of the original study: October 10, 2024 / 6:32 a.m. / BST

First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 10, 2024
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Givaudan following quarterly sales figures, with a price target of CHF 4,200. The flavor and fragrance manufacturer exceeded expectations for organic growth with solid results, analyst Celine Pannuti wrote in her commentary published Thursday. She sees further room for improvement for the share price, although the upside potential for operating earnings (EBITDA) expectations for the current year is limited./gl/ag

Publication of the original study: October 10, 2024 / 6:50 a.m. / BST First distribution of the original study: October 10, 2024 / 6:50 a.m. / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
October 10, 2024
UBS leaves Givaudan at 'Neutral' - Target 4,500 Swiss francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Givaudan following quarterly sales figures, with a price target of CHF 4,500. The flavor and fragrance manufacturer's organic growth exceeded the consensus estimate, analyst Charles Eden wrote in an initial reaction on Thursday.

Publication of the original study: October 10, 2024 / 05:34 / GMT. First distribution of the original study: October 10, 2024 / 05:34 / GMT.

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 17, 2024
Goldman maintains Givaudan 'Buy' - target 4,700 francs

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Givaudan ahead of third-quarter results, with a price target of CHF 4,700. It has updated its estimates for the flavor and fragrance manufacturer, analyst Georgina Fraser wrote in a report released Wednesday. In doing so, it took into account recent movements in the foreign exchange market and the completed acquisition of the Italian beauty company B.Kolor./la/tih

Publication of the original study: September 17, 2024 / 2:01 p.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 17, 2024
UBS raises target for Givaudan to 4,500 francs - 'Neutral'

ZURICH (dpa-AFX Analyst) - The Swiss major bank UBS has raised its price target for Givaudan from 4,200 to 4,500 francs and left the rating at "neutral". The sales figures due on October 10 are likely to demonstrate another strong quarter of growth for the flavor and fragrance manufacturer, wrote analyst Charles Eden in an outlook released on Tuesday./gl/nas

Publication of the original study: September 17, 2024 / 12:19 / GMT First distribution of the original study: September 17, 2024 / 12:19 / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 17, 2024
JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Givaudan at "Neutral" ahead of third-quarter results, with a price target of CHF 4,200. On a comparable basis, the Swiss company is likely to have experienced a strong sales increase of 11.4 percent, wrote analyst Celine Pannuti in her outlook published on Tuesday. This increase is likely due primarily to increased volumes at the fragrance and flavorings manufacturer and, to a lesser extent, to exchange rate-related prices./bek/ag

Publication of the original study: September 17, 2024 / 11:27 AM / BST

First distribution of the original study: September 17, 2024 / 11:27 AM / BST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 12, 2024
UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Givaudan at "Neutral" with a price target of CHF 4,200. Demand trends for the flavor manufacturer have remained unchanged so far in the second half of the year, analyst Charles Eden wrote on Thursday evening after an investor event with the CFO./ag/la

Publication of the original study: September 12, 2024 / 8:26 p.m. / GMT

First distribution of the original study: September 13, 2024 / Time not specified in study / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
September 6, 2024
UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

ZURICH (dpa-AFX Analyst) - Following a conference held by the major Swiss bank, UBS maintained its rating for Givaudan at "Neutral," with a price target of CHF 4,200. The volume outlook was consistently the focus of the discussions, wrote analyst Geoff Haire in his industry commentary on chemical stocks published on Monday. Most companies reported modest progress in the third quarter and anticipated normal seasonality in the final quarter. Clients are currently continuing to pay attention to low inventory levels. There are signs of improvement in some areas, but there are downside risks to the business in the automotive sector./tih/ag

Publication of the original study: September 6, 2024 / 7:21 PM / GMT

First distribution of the original study: September 6, 2024 / 7:21 PM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 28, 2024
UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Givaudan with a price target of CHF 4,200. The focus of the company's summer investor conference was the growth segment Active Beauty, where the fragrance manufacturer is one of the world's leading players following the acquisition of b.kolor, analyst Charles Eden wrote in a report released Wednesday. Givaudan reported continued strong sales momentum in July and August. Despite an already higher operating margin (EBITDA) in the first half of the year, the Swiss company maintained this year's target range./gl/tih

Publication of the original study: August 28, 2024 / 10:39 / GMT First distribution of the original study: August 28, 2024 / 10:39 / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
August 11, 2024
UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Givaudan with a price target of CHF 4,200. Increased inventory levels in the first half of the year are likely to put further pressure on volumes at European chemical companies, analyst Geoff Haire wrote in an industry report released Monday. He lowered his estimate for volume growth in the sector overall for the second half of the year by one percentage point. He expects the strongest growth in consumer chemicals, while the agar and industrial gases sectors are likely to see the lowest. The latest key macroeconomic indicators in China, Europe, and the US remain unchanged in contraction territory./ck/ajx

Publication of the original study: August 11, 2024 / 3:12 AM / GMT

First distribution of the original study: August 11, 2024 / 3:12 AM / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

Price targets

Analyst ratings

Berenberg lowers target for Givaudan to CHF 3,955 - 'Buy'

UBS lowers target for Givaudan to 3,600 francs - 'Neutral'

JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

Jefferies upgrades Givaudan to 'Hold' - target 3,600 Swiss francs

JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

UBS maintains Givaudan at 'Neutral' - target 3,650 francs

JPMorgan maintains Givaudan at 'Overweight' - target CHF 4,200

Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,200

UBS lowers target for Givaudan to 3,650 francs - 'Neutral'

DZ Bank lowers fair value for Givaudan to CHF 3,800 – 'Hold'

Goldman lowers target for Givaudan to CHF 4,300 - 'Buy'

UBS lowers target for Givaudan to 3,900 francs - 'Neutral'

JPMorgan lowers target for Givaudan to 4,200 francs - 'Overweight'

JPMorgan maintains Givaudan at 'Overweight' - target 4,300 francs

Barclays lowers Givaudan target to 3,900 francs - 'Equal Weight'

Baader Bank maintains Givaudan at 'Add' - target 4230 francs

UBS leaves Givaudan at 'Neutral' - Target CHF 4,150

Jefferies maintains Givaudan at 'Underperform' - Target CHF 3,500

Berenberg lowers target for Givaudan to CHF 4,630 - 'Buy'

Baader Bank maintains Givaudan at 'Add' - target 4230 francs

Barclays raises Givaudan to 'Equal Weight' - target 4,000 francs

Goldman raises target for Givaudan to CHF 4,500 - 'Buy'

Berenberg raises target for Givaudan to CHF 4,750 - 'Buy'

JPMorgan maintains Givaudan at 'Overweight' - target 4,300 francs

UBS raises target for Givaudan to CHF 4,210 - 'Neutral'

UBS leaves Givaudan at 'Neutral' - Target CHF 4,000

JPMorgan lowers target for Givaudan to 4,300 francs - 'Overweight'

Goldman lowers target for Givaudan to CHF 4,255 - 'Buy'

JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

Berenberg maintains Givaudan at 'Buy' - target 4,700 francs

UBS maintains Givaudan at 'Neutral' - target 4280 francs

Baader Bank maintains Givaudan at 'Add' - target 4230 francs

JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

Jefferies maintains Givaudan at 'Underperform' - Target CHF 3,500

Baader Bank maintains Givaudan at 'Add' - target 4230 francs

Goldman maintains Givaudan 'Buy' - target 5100 francs

Goldman maintains Givaudan 'Buy' - target 5100 francs

Baader Bank lowers target for Givaudan to CHF 4,230 - 'Add'

Deutsche Bank Research maintains 'Hold' rating on Givaudan

UBS lowers target for Givaudan to CHF 4,280 - 'Neutral'

Jefferies raises Givaudan target to CHF 3,500 - 'Underperform'

JPMorgan maintains Givaudan at 'Overweight' - target 4,400 francs

Deutsche Bank raises target for Givaudan to CHF 4,000 - 'Hold'

Berenberg upgrades Givaudan to 'Buy' - target raised to CHF 4,700

Baader Bank raises target for Givaudan to CHF 4,250 - 'Add'

Baader Bank maintains Givaudan at 'Add' - target 4200 francs

Goldman maintains Givaudan 'Buy' - target 5100 francs

UBS lowers target for Givaudan to CHF 4,310 - 'Neutral'

JPMorgan upgrades Givaudan to 'Overweight' - target 4,400 Swiss francs

Goldman maintains Givaudan 'Buy' - target 5100 francs

Berenberg lowers target for Givaudan to CHF 3,850 - 'Hold'

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

Baader Bank maintains Givaudan at 'Add' - target 4200 francs

Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,400

Jefferies maintains Givaudan's 'underperform' rating - target CHF 3,400

UBS maintains Givaudan at 'Neutral' - Target CHF 4,380

UBS lowers target for Givaudan to CHF 4,380 - 'Neutral'

UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

Deutsche Bank lowers target for Givaudan to CHF 3,950 - 'Hold'

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

Baader Bank raises Givaudan to 'Add' and targets CHF 4,200

Barclays downgrades Givaudan to 'Underweight' - target CHF 3,750

UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

UBS maintains Givaudan at 'Neutral' - Target CHF 4,520

UBS raises target for Givaudan to CHF 4,520 - 'Neutral'

Deutsche Bank Research maintains 'Hold' rating on Givaudan

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

Goldman raises target for Givaudan to CHF 4,900 - 'Buy'

Goldman maintains Givaudan 'Buy' - target 4,700 francs

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

UBS leaves Givaudan at 'Neutral' - Target 4,500 Swiss francs

Goldman maintains Givaudan 'Buy' - target 4,700 francs

UBS raises target for Givaudan to 4,500 francs - 'Neutral'

JPMorgan leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs

UBS leaves Givaudan at 'Neutral' - Target 4200 Swiss francs