JPM ups Chr Hansen to 'neutral' on more balanced risk/reward

Chr Hansen Holding A/S

18/01/2022 10:25

** Following "encouraging" forecast-beating Q1 results
 urn:newsml:reuters.com:*:nL8N2TT1PJ, J.P Morgan upgrades Chr Hansen  CHRH.CO  to
"neutral" from "underweight," citing a balanced risk-reward
profile into 2022
    ** The broker sees Q1 results of the Danish food ingredients
maker  urn:newsml:reuters.com:*:nL1N2TT0HQ as a "positive first step" in regaining
investor confidence on the company's profitable growth path 
    ** The brokerage expects improved pricing, further
acquisition synergies and efficiency gains to cushion cost
inflation and support margins into the second half of the year
    ** However, factors such as limited upside to earning
expectations and early progress on execution hinders JPM from
being more constructive on the shares
    ** Out of 15 analysts that cover Chr Hansen, two rate the
stock "strong buy" or "buy, ten rate it "hold" and three rate
the stock "strong sell" or "sell"

 (Reporting by: Marie Mannes)
 ((Marie.mannes@thomsonreuters.com))