Morgan Stanley downgrades Tate & Lyle, shares slide.
Tate & Lyle tumbled on Monday as Morgan Stanley downgraded the shares to ‘underweight’ from ‘equalweight’ and cut the price target to 500p from 590p.
Tate & Lyle
22 September 2025 12:52:15
Source: Sharecast
The bank said there is a higher risk to Tate & Lyle’s mid-term targets after Tyson Foods said it would phase out sucralose from US branded products.
MS said there is a risk that more consumer packaged goods companies could follow.
The bank said this could weigh on the share price, with sucralose accounting for around 9% of Tate & Lyle’s group sales. It added that investors can find superior investment opportunities elsewhere.
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