Business · Markets · 10 hrs ago
Emmi shares fall after a strong rally as investors assess growth prospects
Emmi shares fell 1.33% on Friday, closing at 964 Swiss francs as Switzerland's broader market also declined.
Emmi is a Swiss dairy processor whose shares had risen 16.4% since the start of October, reaching a four-and-a-half-year high on Thursday.
The Friday drop came during a difficult spell for global markets, after steep losses in US stocks.
The company does not publish a third-quarter report, but an analyst said signs point to strong or improving business, including continued demand for dairy products.
The Basel Cantonal Bank raised its price target for Emmi shares from 950 to 1,050 francs and maintained an “overweight” rating.
Most analysts rate the shares as a buy, though their average target of 986.25 francs is only 2.3% above Friday's close.
Investors' next scheduled update is Emmi's 2026 sales release on January 27, 2027.
Emmi shares fell 1.33% on Friday to 964 Swiss francs after a strong rally.
The shares had risen 16.4% since the start of October, reaching a four-and-a-half-year high of 977 francs on Thursday.
The decline came amid a difficult market environment following a sell-off in US stocks.
The Basel Cantonal Bank raised its price target for Emmi to 1,050 francs and maintained its “overweight” rating.
Emmi expects organic growth of 2.0% to 3.0% for 2026, and is due to publish its annual sales figures on January 27, 2027.
- Who
- Emmi, the Swiss milk processor.
- What
- Its shares fell 1.33% to 964 francs after a strong rally.
- When
- Friday; the article was published on November 9, 2026.
- Where
- The Swiss stock market.
- Why
- The fall came amid a generally difficult market environment after a sell-off in US stocks.
This story does not have two clearly opposing sides.
Emmi published its half-year results, which included 4.1% volume growth and a narrower full-year organic growth forecast.
Emmi shares rose 16.4% to 977 francs.
Emmi shares closed at 977 francs, a four-and-a-half-year high.
Emmi shares fell 1.33% to 964 francs, while the Swiss Performance Index fell 1.20%.
Emmi is scheduled to publish its 2026 annual sales figures.
- Friday share price
- 964 Swiss francs
- Friday share-price change
- Down 1.33%
- Rise since start of October
- 16.4%
- Basel Cantonal Bank price target
- Raised from 950 to 1,050 francs
- 2026 organic growth forecast
- 2.0% to 3.0%
- Annual sales publication
- January 27, 2027
1 source
What people are saying
that business at the milk processor is continuing to run well or may even have improved