Givaudan SA (GIVN) Receives a Hold from Barclays

Barclays analyst Alex Sloane kept a Hold rating on Givaudan SA and set a CHF 3,300 price target, citing a steady execution but modest upside potential. Morgan Stanley also issued a Hold on June 15, while Goldman Sachs upgraded Givaudan to Buy on June 12. The latest earnings release, for the quarter ended December 31, reported revenue of CHF 5.54 billion and net profit of CHF 775 million, up from CHF 3.68 billion and CHF 502 million a year earlier. The report suggests resilience in a competitive fragrance and flavor market, with Givaudan leveraging its global footprint and pipeline despite questions about growth pace.