J.P. Morgan cuts Lindt & Sprüngli stock target to CHF 73,000

Published on 10/08/2026 at 14:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached CHF 2.33 billion, up 4.30 percent organically. Lindt & Sprüngli stock was EUR 87,500.00 on October 8, 2026.

Fotorealistische Schokoladenfabrik mit Pralinen auf Förderband und Kupferkesseln — Chocoladefabriken Lindt & Sprüngli AG (CH0010570759) zeigt Produktionshalle mit glänzenden Pralinen auf Förderbändern und Kupferkesseln, Illustration mit AI erstellt.

Lindt & Sprüngli stock was trading at EUR 87,500.00 at Lang & Schwarz on October 8, 2026 at 2:05 p.m. CEST, while J.P. Morgan had cut its name-share price target from CHF 87,000 to CHF 73,000 on October 2, 2026. The downgrade kept the bank's Underweight rating and sharpened the debate over premium pricing.

J.P. Morgan cuts its target

As Blick reported on October 3, 2026, J.P. Morgan reduced the target after weaker European sales and lower estimates for organic growth and earnings. The CHF 14,000 cut equals 16.09 percent of the previous CHF 87,000 target.

The company had lowered its 2026 organic sales-growth outlook from 4 to 6 percent to 0 to 2 percent on September 29, 2026. ARIVA reported that Lindt cited consumer price sensitivity, weaker seasonal orders in parts of Europe and extreme summer heat.

What does the reset mean for margins?

The margin target remains a counterweight to the sales reset. According to ARIVA on September 29, 2026, Lindt still expects a 20 to 40 basis-point improvement in its 2026 EBIT margin and retains a medium-term organic growth goal of 6 to 8 percent from 2028.

The latest reported operating picture was firmer than the revised outlook. Swiss Press reported that first-half 2026 revenue reached CHF 2.33 billion, up 4.30 percent organically, while volume and mix declined 7.50 percent. That split leaves pricing, volume recovery and margin protection as the key operating variables.

Three milestones frame the outlook

The chronology is clear. On July 21, 2026, first-half revenue was reported at CHF 2.33 billion, according to Swiss Press. On September 29, 2026, the 2026 organic growth outlook fell to 0 to 2 percent, and on October 2, 2026, J.P. Morgan cut its target to CHF 73,000, as Blick reported.

Next date is January 19

finanzen.at reported that Lindt plans to publish 2026 net sales on January 19, 2027 at 7:00 a.m. CET. The date makes the year-end sales release the next scheduled company figure in this timeline.

Stock remains in a wide range

The primary-market quote was CHF 81,700.00 on SIX Swiss Exchange at 11:51 a.m. UTC on October 8, 2026, with a 52-week range of CHF 77,500.00 to CHF 132,000.00. Market capitalization stood at CHF 18.3 billion on October 8, 2026. The Lang & Schwarz quote was EUR 87,500.00 at 2:05 p.m. CEST on October 8, 2026, between a EUR 87,000.00 bid and a EUR 88,000.00 ask. The further course of trading is shown by the continuously updated real-time quote of Lindt Sprüngli stock.