New York, Nov 2 - Shares in British candy maker Cadbury could rise to the mid-$50s by 2010 as the company's makeover takes hold, according to Barron's.
Cadbury shares closed Friday at $36.98, having fallen with the broader market.
The company is expected to sell more than $9.9 billion of assets this year, which should help it cut costs, and operating margins have improved, Barron's said in its Nov. 3 edition.
Joshua Goldstein, an analyst at AIM's large- and mid-cap funds, expects margins to climb and earnings to increase as much as 20 percent a year in the next several years.