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Jan 23 2025, 07:05 GMT
Kerry Group
Improving growth profile; model update post Dairy Ireland disposal
- Sectors : Foods
- Companies : Kerry Group
DAVY VIEW
The Dairy Ireland disposal bookends a series of growth-accretive portfolio adjustments that commenced in 2021. Kerry enters 2025 as a pure play ingredients company with an improved growth profile. We model average organic EPS growth of 8.4% for the 2025-27 forecast period. Kerry’s balance sheet affords significant capital allocation flexibility; we raise our price target to €110.
