Lindt climbs after BofA raises to 'buy' on strong H2 setup and cocoa deflation
** Shares in Lindt 
LISN rise 3% after BofA ups Swiss chocolate maker to "buy" from "neutral", citing strong setup into H2 2025 results and cocoa deflation tailwinds
** "Lindt ticks all boxes," BofA says, flagging strong execution, pricing power and margin upside from cocoa deflation
** Bank of America lifts its PT to CHF 144,000 from CHF 134,000, implying 18% upside potential
** The broker highlights "quality-growth compounder" profile, forecasting 2025 organic growth at 13.2%, above co's outlook of 9%–11%
** Low elasticity in tracked channels and strong retail store performance "should pave the way for it to beat its FY25 (already upgraded) OG guidance," BofA says
** Cocoa bean and butter prices have dropped 45% and 68% YTD, respectively, setting the stage for margin expansion in FY27–28
** Including today's gains, Lindt shares are up 26% year-to-date
** Out of 15 analysts covering Lindt, five rate the stock "strong buy"/"buy," nine rate it "hold" and one rates it "sell"; mean PT stands at CHF 123,849 - data compiled by LSEG
