Berenberg initiated coverage of Carlsberg (CABGY) with a Hold rating and DKK 1,033 price target The macro environment “has not been kind to the beverages sector, but it could be changing, thanks partly to the Trump administration and partly to lower inflation,” the analyst tells investors in a research note. The firm initiated coverage of 12 stocks and its top pick is Heineken. There is also “interesting upside” in AB InBev and Molson Coors, says Berenberg.
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Read More on CABGY:
- Carlsberg price target raised to DKK 850 from DKK 725 at JPMorgan
- Carlsberg (CABGY) Discloses Q1 Dividend: What Shareholders Should Know
- Carlsberg upgraded to Outperform from Sector Perform at RBC Capital
- Carlsberg price target raised to DKK 910 from DKK 900 at Morgan Stanley
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