** Shares of British food ingredients maker Tate & Lyle TATE.L up 2.6% at 533p
** UBS Global Research initiates coverage on TATE with "neutral"
** PT of 590p, representing an 10.69% upside to stock's last close
** Brokerage sees "lack of acceleration" in volume growth in FY26, and expects limited upside to consensus estimates for FY26 and FY27
** UBS expects weaker organic sales growth versus peers (like Kerry Group Plc KYGa.I and Ingredion Inc INGR.N) and fragile U.S. consumer confidence, where co has high exposures
** Average rating of 10 analysts is "buy"; median PT is 745p — data compiled by LSEG
** As of last close, stock down ~18.4% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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