0654 GMT - Universal Robina Corp.'s recovery prospects for its domestic branded consumer foods segment are likely improving, thanks to normalizing inflation in the Philippines, SB Equities' Lance Gabriel Soledad says in a research report. The food and beverage manufacturer is seeking to recoup market-share losses via initiatives such as offering lower-priced packs, and by intensifying marketing and promotions, the analyst says. For its commodities segment, the company is expecting sustained sales growth driven by improving volumes. However, the brokerage lowers the stock's target price to PHP87.00 from PHP102.00 to reflect higher risk-free rate and market-risk premium assumptions for the company, with an unchanged add rating. Shares are 2.55% lower at PHP74.55. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 02:54 ET (06:54 GMT)
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