Lindt & Sprungli, the upmarket Swiss chocolate maker, is the sector’s “obvious” takeover target and could be snapped up next year, one analyst has claimed - with Nestle seen as the favourite to buy the business. Jon Cox, an analyst at Kepler Capital Markets in Zurich, cut his estimate for Lindt’s share price in 2010, citing the pressure rising cocoa costs will put on margins. In August, Lindt reported a slump in half-year profits and Cox argued that the company could issue a profit w...
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