Berenberg Maintains Kerry Group's Buy Rating After 'Strong' Q3 Results; Price Target Up

09:16 AM EDT, 10/27/2026 (MT Newswires) -- Berenberg reiterated Kerry Group (KRZ.IR) at buy as analysts took note of the company's "strong" third-quarter results, supported by growth in both its retail and foodservice channels. The research firm said Tuesday the Irish nutritional goods company's third-quarter volume growth of 4.1% was ahead of the 3.6% consensus, with retail volumes and foodservice both growing as well. Kerry expects volume growth momentum to continue in the fourth quarter. As such, Berenberg updated its top line and adjusted EBITDA margin projections mainly for the fourth quarter of 2026 and full-year 2027. The stock's price target was also increased to 108 euros from 103 euros. "We remain constructive on its medium-term volume growth algorithm and ability to outperform its addressable markets, driven by Kerry's strong track record of more than 300bp annual volume growth outperformance and strong momentum as it heads into Q4 and FY27," Berenberg said.