FSF – UBS rates the stock as Neutral

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UBS assesses the third quarter result was “respectable”, underpinned by higher margins across all divisions and lower operating costs.

Still, earnings per share are well below previous peaks. FY20 guidance has been maintained. UBS maintains a Neutral rating and NZ$3.95 target.

Sector: Food, Beverage & Tobacco.

Current Price is $3.38. Target price not assessed.

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