Tate & Lyle (TATE) Upgraded by Barclays Amid Portfolio Enhancements | TATYY Stock News

3 days ago

Barclays has revised its outlook on Tate & Lyle (TATE), elevating the company's rating to Overweight from a previous Equal Weight stance. Despite the recent dip in stock prices to multi-year lows, Barclays believes that Tate & Lyle’s substantial enhancements to its portfolio adequately address any existing apprehensions surrounding the company.

In conjunction with this rating upgrade, Barclays set a new price target for Tate & Lyle at 740 GBp, slightly reduced from the prior target of 750 GBp. The investment firm suggests that the company’s current valuation more than accounts for the market's concerns, highlighting the company's strategic improvements in its product offerings.

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