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The Swiss stock exchange experienced a downward trend, with the SMI index closing at 8056.71 points, down 0.35%. Banking stocks faced pressure due to uncertainties surrounding Brexit and low interest rates, while defensive heavyweights like Novartis and Nestlé showed slight gains. In the broader market, Sulzer surged 11.47% following its acquisition of Geka, while EFG International struggled, dropping 6.30%.
The tea extracts market is projected to grow from US$ 3.58 billion in 2023 to US$ 5.88 billion by 2031, driven by increasing consumer demand for natural ingredients and health-focused products. Key applications include food & beverages, dietary supplements, and personal care, with significant growth opportunities in the cosmetic industry, particularly in Asia. Major players include Finlays, Botanic Healthcare, and Firmenich International, focusing on innovative and affordable products to meet market needs.
UBS AG maintains a "Buy" rating for Symrise shares, setting a target price of 139 euros, despite a 2.8% drop to EUR 112.35. Analyst Charles Eden noted that organic sales growth expectations were raised, but the third quarter's performance was partly negative compared to strong competitor results. The share has a potential upside of 23.72% relative to the target price, with a 14.0% gain over 2024, and Q4 earnings and sales figures are anticipated on March 5, 2025.
UBS has maintained its "Buy" rating for Symrise, setting a target price of 139 euros. Analyst Charles Eden noted an increase in the target for organic sales growth, although the third quarter's organic growth was viewed as partly negative due to heightened investor expectations following strong results from competitor Givaudan.
UBS has maintained a "Neutral" rating for Givaudan, setting a price target of 4,520 francs following an investor event focused on the fragrance business. Analyst Charles Eden noted ongoing discussions regarding the anticipated slowdown in growth within this segment and its potential impact on profitability.
Givaudan AG, a leading global producer of flavors and fragrances, reports that flavors account for 52.1% of sales, while fragrances make up 47.9%. The company operates 78 production sites worldwide, with sales distributed across various regions: Switzerland (1.2%), Europe (29%), Asia-Pacific (24.6%), North America (23.9%), Latin America (12.3%), and Africa and the Middle East (9%).
The Swiss stock market opened lower on Thursday, influenced by a slowdown in consumer price inflation, which rose by 0.8% year-on-year in September. The leading SMI index fell by 0.20%, with 25 of the 30 major stocks declining, while Sandoz, Novartis, and Givaudan were among the few gainers. Analysts anticipate a potential rate cut by the Swiss National Bank in December 2024 due to declining inflation forecasts.

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