UBS upgrades Viscofan to 'buy' on expected sales growth, shares jump

Viscofan SA

04/03/2026 09:51

** UBS upgrades Spanish meat casings maker Viscofan VIS.MC to "buy" from "neutral", citing a step-change in growth, superior cash returns and an attractive valuation

** Shares of Viscofan rise 4.8%, outperforming Madrid's General index .SMSI, which is down around 0.1%

** The brokerage forecasts organic sales growth to accelerate to a 7.1% compound annual rate from 2025 to 2030, driven by market recovery and capacity expansion while competitors cut back

** "We expect the acceleration in EBITDA delivery, supported by cost savings and better cost management... to drive a step-up in net profit, EPS and cashflows," the brokerage says

** UBS also raises Viscofan's target price to 72 euros ($83.5), around 22% higher than its current share price

** Out of 14 analysts that cover Viscofan, 11 rate the stock "strong buy" or "buy", and ​three rate it "hold", according to data compiled by LSEG

($1 = 0.8621 euros)

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))