UK's Tate & Lyle bottoms FTSE midcaps after Morgan Stanley cuts to 'underweight'

Tate & Lyle

22/09/2025 09:39

** Shares of British food ingredients maker Tate & Lyle TATE.L fall as much as 5.8% at 470.8p; top loser on FTSE mid-cap index .FTMC

** Morgan Stanley downgrades stock to "underweight" from "equal-weight"; cuts PT to 500p from 590p

** MS sees higher risk to Tate & Lyle’s mid-term targets after Tyson Foods said it would phase out sucralose from U.S. branded products, with the risk that more CPGs (Consumer Packaged Goods) could follow

** Including session's losses, stock down 27.4% YTD

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))