Givaudan (OTCMKTS:GVDNY) Upgraded to Buy by Zacks Investment Research
Givaudan (OTCMKTS:GVDNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage presently has a $93.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 11.16% from the company’s current price.
According to Zacks, “Givaudan SA operates as the manufacturer and supplier of fragrance and flavor products offering its products to global, regional and local food, beverage, consumer goods and fragrance companies. Its Flavour division has four business units: Beverages, Dairy, Savoury and Sweet Goods and its product range includes TasteEssential, TasteSolutions, ByNature and PureDelivery. The Fragrance Division has three business units: Fine Fragrances, Consumer Products and Fragrance Ingredients. Givaudan fragrances can be experienced in the top brands of shampoos, soaps, deodorants, body lotions, candles, air fresheners, laundry detergents and fabric softeners. Givaudan SA is headquartered in Vernier, Switzerland. “
A number of other research analysts also recently weighed in on GVDNY. Jefferies Financial Group started coverage on Givaudan in a research note on Monday, November 9th. They issued an “underperform” rating on the stock. Morgan Stanley reissued an “equal weight” rating on shares of Givaudan in a research note on Friday, October 30th. UBS Group reissued a “buy” rating on shares of Givaudan in a research note on Tuesday, December 1st. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Givaudan in a research note on Friday, October 9th. Finally, Liberum Capital cut shares of Givaudan from a “buy” rating to a “hold” rating in a research report on Thursday, January 7th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $93.00.
Givaudan SA, together with its subsidiaries, manufactures and sells fragrance and flavor products to the food, beverage, consumer goods, and fragrance and cosmetics industries worldwide. The company operates through two divisions, Fragrance and Flavour. The Fragrance division provides fragrance ingredients and active beauty products; fine fragrances; and fragrances for use in fabric and personal care, skin and hair care, household, and oral care products.
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