On Tuesday, Barclays adjusted its price target for Barry Callebaut AG (BARN:SW) (OTC: BYCBF), a leading chocolate and cocoa manufacturer. The financial institution increased the price target from CHF 1,400.00 to CHF 1,450.00, while maintaining an Underweight rating on the company's stock.
The adjustment by Barclays was made in response to Barry Callebaut's recent performance indicators. An analyst at the firm noted that the revised forecasts for fiscal years 2024 and 2025 take into consideration a significant rise in the combined ratio. This increase is expected to bolster the Global Cocoa segment's profitability, at least in the short term.
Barry Callebaut is anticipated to confirm its volume guidance when it reports third-quarter sales. However, there is an expectation that the company may alter its profitability focus. The analyst predicts a shift in the company's profitability target from EBIT, which stands for Earnings Before Interest and Taxes, to net income.
Barry Callebaut AG, headquartered in Switzerland, is known for its extensive range of products and services in the chocolate and cocoa industry. The company's performance is significant not only for investors but also for stakeholders within the global cocoa market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.