Lindt & Spruengli shares up as Barclays upgrades to "overweight" By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Investing.com
Stock Upgrade and Growth Prospects: Lindt & Spruengli shares rose 2.8% after Barclays upgraded the stock rating from "equal weight" to "overweight," raising the price target due to expected growth driven by favorable cocoa prices and strong organic growth rates of 35% over three years.
Market Position and Pricing Power: Lindt's focus on premium chocolate allows it to maintain pricing power, with planned price increases of 10% in 2023 and 6% in 2024, while still achieving growth, particularly in North America, positioning the company for sustained success amid market volatility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
