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Berenberg lowers Tate & Lyle stock price target on weak demand outlook

Published 14/10/2025, 06:36
Berenberg lowers Tate & Lyle stock price target on weak demand outlook
TATE
0.31%

Investing.com - Berenberg cut its price target on Tate & Lyle Plc (LON:TATE) (OTC:TATYY) to GBP4.50 from GBP6.20 on Tuesday, while maintaining a Hold rating on the food ingredients company.

The downward revision follows Tate & Lyle’s October 1 preclose statement indicating that market demand slowed throughout the first half of fiscal year 2026.

The company now expects a low single-digit year-over-year percentage decline in both revenue and adjusted EBITDA for fiscal year 2026, falling short of previous consensus estimates.

Tate & Lyle management anticipates improved trends in the fourth quarter as the company implements various mitigation initiatives to enhance performance, particularly related to benefits from its CP Kelco combination.

Berenberg cited the subdued end-market demand as the primary factor behind its revised price target, though it maintained its Hold recommendation on the stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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