UBS has lowered its price target for Barry Callebaut to 1,100 Swiss francs from 1,590 Swiss francs, maintaining a Neutral recommendation. The firm anticipates a decline in cocoa bean prices, which may bolster investor sentiment, despite challenges ahead. The Group expects sales volume for the 2024-25 financial year to drop to low single-digit percentages, while still aiming for double-digit growth in recurring EBIT at constant exchange rates.