Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - Kepler Cheuvreux downgraded Aryzta AG (SIX:ARYN) (OTC:ARZTY) from Hold to Reduce and slashed its price target to CHF50.00 from CHF80.00 following a profit warning and unexpected CEO departure.
The research firm cited a tougher competitive environment and pushback from B2B customers on pricing amid cost-conscious consumer trends as key factors behind the downgrade.
Kepler Cheuvreux noted that Aryzta had successfully rebuilt investor confidence in recent years through operational improvements and balance sheet recovery.
The firm believes this hard-earned credibility, particularly with Swiss investors, has been damaged by recent developments and will take time to rebuild.
Kepler Cheuvreux expects multiple compression for Aryzta stock, which could potentially exceed their current projections.
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