Deutsche Bank Research Continues to Rate Symrise as "Buy" with a Target Price of EUR 130

Deutsche Bank Research Maintains Positive Outlook on Symrise

Deutsche Bank Research has reaffirmed its "Buy" rating for Symrise AG (ETR:SY1), a leading supplier of fragrances, flavors, food ingredients, and cosmetic active ingredients. The research firm has also set a target price of EUR 130 for the company's shares, indicating a potential upside of over 15% from the current market price.

Reasons for Continued Optimism

Deutsche Bank Research cites several factors for its continued optimism about Symrise. These include:

• Strong demand for the company's products in emerging markets, particularly in Asia and Latin America.
• Symrise's focus on innovation and new product development, which has led to a strong pipeline of new products.
• The company's cost-cutting efforts, which have improved its profitability.

Deutsche Bank Research also believes that Symrise is well-positioned to benefit from the growing trend towards natural and organic ingredients in personal care and food products.

Target Price of EUR 130

Deutsche Bank Research's target price of EUR 130 for Symrise shares is based on a combination of factors, including:

• The company's strong fundamentals and growth prospects.
• The current valuation of Symrise shares, which the research firm believes is attractive relative to its peers.
• The potential for further upside from Symrise's cost-cutting efforts and new product launches.

Deutsche Bank Research's continued positive outlook on Symrise is a vote of confidence in the company's long-term growth prospects. The research firm's target price of EUR 130 suggests that Symrise shares have the potential to deliver significant returns to investors.