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Barclays has upgraded Tate & Lyle (TATE) to Overweight from Equal Weight, citing significant enhancements to the company's portfolio that address market concerns. Despite a recent decline in stock prices, the new price target is set at 740 GBp, down from 750 GBp, reflecting confidence in the company's strategic improvements.
Barclays has upgraded Tate & Lyle's stock rating from Equalweight to Overweight, while slightly lowering the price target to GBP7.40. The company's recent update indicated a 5% organic revenue decline but a 4% increase in EBITDA, with expectations for continued growth in FY26 despite ongoing pricing pressures. Meanwhile, Berenberg downgraded its rating to Hold, citing concerns over near-term pricing conditions and a significant reduction in its price target to GBP6.00.
The global fat substitutes market is projected to grow at approximately 6% from 2022 to 2028, driven by increasing health consciousness and a shift towards low-fat diets. The carbohydrate-based segment leads the market, with plant sources dominating due to rising demand for plant-based foods. Europe is expected to hold a significant market share, fueled by consumer awareness of health issues and a preference for low-calorie options.
Frieze London 2024 introduces a new concept to address challenges in the art world, featuring a more welcoming atmosphere with increased seating and collaboration among galleries. Amid rising costs and declining sales, the fair aims to solidify London's status in the global art scene while concerns grow over the potential overshadowing by Art Basel Paris. Notable initiatives include the "Artist-to-Artist" project and the "Smoke" exhibition, showcasing diverse artistic expressions.
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Barclays upgrades Tate and Lyle rating amid portfolio enhancements
11:17 22.04.2025
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growth prospects of fat substitutes in the european market through 2028
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