Banking giant Goldman Sachs has lowered its target price for Danisco to DKr295 (US$34.93) from DKr320 earlier today [Friday].
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The firm repeated a “market perform” rating however, in the wake of a disappointing set of Q3 results at the Danish sugar and food ingredients group
Goldman is quoted by Reuters as saying: “Net income was DKr164m against our estimates at DKr171m, and was at the lower end of the consensus range.
“Long term, the ingredient business is key to securing growth for Danisco.
“Short-term, this set of results may reduce investors’ confidence in Danisco’s ability to deliver sustainable EPS growth.”
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