The analysis firm Warburg Research has upgraded Symrise from “Hold” to “Buy” and raised the price target from 116.00 to 117.50 euros.
The flavor manufacturer is likely to remain a “safe haven” for investors, wrote analyst Oliver Schwarz in his buy recommendation available on Thursday. According to the expert in his study, he expects record results in 2025. In the final quarter of 2024, sales growth on its own will probably have slowed significantly given the high previous year’s figures.
In trading on XETRA, the Symrise share temporarily gained 0.14 percent to 99.24 euros.
HAMBURG (dpa-AFX Broker)
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