Berenberg ups Corbion after share price drop
** Berenberg upgrades Corbion 
CRBN to "hold" from "sell", saying a drop in the stock's price after Q2 results provides a profit-taking opportunity, while it expects falling sugar prices to improve the Dutch food ingredients maker's margins
** Corbion shares have dropped around 10% since Berenberg cut the stock in April and the current stock weakness is a good exit point from its "sell" recommendation, the broker says
** Berenberg highlights that falling sugar prices, a key input, could support EBITDA margins in 2026
** While the Capital Markets Day on November 20 may pave the way for JV options in biopolymers or pharma, the broker doubts a full sale of the group
** Berenberg expects Corbion to target 3–5% annual organic sales growth
** It sets its PT on the stock at 16.5 euros
** Out of eight analysts that cover the stock CRBN, five rate it "strong buy" or "buy," and three rate it "strong sell" - LSEG data
($1 = 0.8644 euros)
