JPM ups Givaudan to 'overweight' on expected sales growth acceleration

Givaudan SA

15/04/2026 08:42

** J.P. Morgan upgrades Givaudan GIVN.S to "overweight" from "neutral", saying the Swiss fragrance and flavour maker's organic sales growth has likely reached a trough and should accelerate from here

** The brokerage expects like‑for‑like growth to rebound from Q1 lows, supported by easing comparatives, improving volumes, recovering demand in Asia, and stronger pricing momentum in the second half of the year

** "Givaudan volume driven and accelerating growth as a safe harbor in a sector with low visibility," JPM says

** On Tuesday, Givaudan reported like-for-like sales growth above market expectations for Q1, sending its shares 2.7% higher

** Out of 23 analysts, nine rate the stock "strong buy" or "buy", 11 "hold" and three​ "strong sell" or "sell" - LSEG data

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))