Goldman Sachs resumed coverage of Givaudan with a Buy rating and CHF 4,600 price target as part of a broader research note on European Chemicals. The company is a Flavors and Fragrances industry leader with best-in-class profitability and returns, screening among the top three in the firm’s supply side analysis, the analyst tells investors in a research note. Givaudan’s EBITDA margins are returning to trend already in FY24, while its ingredients peers may face a longer path to normalisation, the firm added.
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