Tate & Lyle, says margin recovery story is gaining traction as it nears an inflexion point

  • Tate & Lyle PLC (LSE:TATE) got a lift on Tuesday after Barclays upgraded the stock to ‘overweight', arguing that the sweetener and food ingredients group is finally showing signs of turning a corner. In a research note, Barclays said Tate's valuation was hovering near multi-year lows despite meaningful improvements to its product portfolio and integration of recent acquisitions.