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Barry Callebaut shares jump after Barclays upgrade on cocoa price easing, cost cut

By Yahoo! Finance   |   Sep 17, 2024 at 04:07 AM EST
Barry Callebaut shares jump after Barclays upgrade on cocoa price easing, cost cut

Barry Callebaut's shares surged after Barclays upgraded it to "overweight," expecting improved profitability from normalized cocoa prices, outsourcing growth, and cost-saving measures. The company is well-positioned to benefit from market conditions and outsourcing opportunities, with a positive outlook for future growth.

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