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Nov 20 2019, 06:30 GMT
Foods
Cut the bull: a ready-made opportunity for the Ingredients sector
- Sectors : Foods
- Companies : Danone | Givaudan | DSM-Firmenich | Kerry Group | Symrise
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Danone | OUTPERFORM | 18/06/19 | Neutral | 09/02/17 | 7492c |
| DSM-Firmenich | OUTPERFORM | 11/02/15 | Neutral | 16/07/14 | 11670c |
| Givaudan | NEUTRAL | 21/06/12 | N/A | N/A | 288700chf |
| Kerry Group | OUTPERFORM | 30/06/09 | N/A | N/A | 11790c |
| Symrise | NEUTRAL | 15/01/19 | Outperform | 21/06/12 | 8624c |
DAVY VIEW
The innovation floodgates have opened on the meat-alternative space – akin to a fast-moving arms race. As the market prepares for second generation innovations, this movement has permanency and depth. Consumers are driving the change. Our preference is to align with the solutions providers (a ‘pick-and-shovel’ investment strategy) – Kerry Group, with its broadening technology toolkit and integrated mindset, is best placed.
