0523 GMT - Universal Robina's earnings outlook has improved on the recovery of its branded consumer foods segment, which comprises BCF Philippines and BCF International, SB Equities analysts say in a research report. BCF Philippines posted a third consecutive quarter of sales growth in 1Q on volume recovery, and BCF International's sales rose 10% from a year earlier in 1Q led by Vietnam, the analysts note. Management guided for high single-digit topline growth and mid-single-digit profit growth for 2025, the analysts add. The brokerage raises the stock's target price to PHP104.00 from PHP87.00 with an unchanged add rating. Shares are 0.7% higher at PHP84.05. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 01:23 ET (05:23 GMT)
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