Report
JDE Peet's N.V. : No coffee break expected any time soon; TP cut to € 27.5 from € 30
>Challenging operational environment of H1 2023 not seen to have eased - The fierce competition that impacted coffee markets and led to some market share losses for JDE Peet’s in H1 2023 has not improved materially in H2 2023, in our view. COGS inflation continued (also due to indirect inflation at suppliers), and we expect a continued negative impact on consumer sentiment due to the geopolitical situation. Although the comparison base for Europe should be easier in H...
Underlying
JDE Peet's NV
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Robert Jan Vos
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