UBS confirms its buy recommendation on the stock, with an unchanged target of 1900 Swiss francs.

' We see strong commitment from the management (Peter Feld) and a high capacity for execution", says the analyst firm

"Quality of management and execution are essential for value creation", believes UBS.

The Swiss chocolate maker expects stable volumes and EBIT at constant exchange rates for the 2023-24 financial year, followed by modest growth in underlying volumes and stronger EBIT in 2024-25 (excluding non-recurring BC Next Level costs).

Barry Callebaut is targeting 'low to mid-single-digit' volume growth and 'mid to high-single-digit' EBIT growth from fiscal 2025-26 onwards.

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