Lindt & Spruengli AG is the most expensive stock in the Stoxx 600 Food & Beverage Index based on next year’s estimated earnings, making it vulnerable to more analyst downgrades.
The maker of Lindor balls, whose voting registered stock yesterday closed at 68,250 Swiss francs ($71,000) a share, has said first-half organic sales growth may be at the lower end of its 6 percent to 8 percent target this year.
Analysts say the company must accelerate growth in the second half amid a weakening U.S. market.
News by Bloomberg, edited by ESM. To subscribe to ESM: The European Supermarket Magazine, click here.
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