Analyst David Hayes of Jefferies maintained a Buy rating on JDE Peet’s NV, with a price target of €28.00.
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David Hayes has given his Buy rating due to a combination of factors including JDE Peet’s NV’s strong financial performance in the first half of 2025. The company reported a significant increase in both top line and profit, surpassing expectations and outperforming its peers. This robust performance is highlighted by a 22.5% growth in like-for-like sales, which is well above the consensus and Jefferies’ estimates.
Furthermore, the company’s gross profit and adjusted EBIT exceeded forecasts, with margins also improving. The upgraded guidance for the fiscal year 2025 suggests a positive outlook, with expectations for adjusted EBIT to rise. These factors, combined with strategic updates and progress, underpin Hayes’s confidence in the stock’s potential to outperform, leading to the Buy rating.