Givaudan (OTCMKTS:GVDNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. The brokerage currently has a $109.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 11.98% from the company’s previous close.
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 firms have also recently issued reports on GVDNY. The Goldman Sachs Group raised Givaudan from a “sell” rating to a “neutral” rating in a research report on Thursday, July 1st. UBS Group reissued a “buy” rating on shares of Givaudan in a research report on Wednesday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Givaudan in a research report on Thursday, April 1st. Morgan Stanley set a $95.03 price objective on Givaudan and gave the company an “equal weight” rating in a research report on Monday, July 12th. Finally, Barclays reissued an “underweight” rating on shares of Givaudan in a research report on Tuesday, May 18th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Givaudan presently has a consensus rating of “Hold” and an average target price of $102.02.
Givaudan Company Profile
Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, flavor, and wellbeing products to the consumer goods industries. The company operates through two divisions, Fragrance & Beauty and Taste & Wellbeing. The Fragrance & Beauty division provides fine fragrances, consumer products, and fragrance ingredients and active beauty products.
Read More: What is a Roth IRA?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Givaudan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Givaudan and related companies with MarketBeat.com's FREE daily email newsletter.