Berenberg upgraded Carlsberg (CABGY) to Buy from Hold with a price target of DKK 1,090, up from DKK 1,033. The firm says that with the acquisition of Britvic, Carlsberg has pivoted its European business towards non-alcoholic categories that offer a more optimistic growth outlook than beer.
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Read More on CABGY:
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 15
- Carlsberg Earnings Call: Britvic Boosts Growth, Risks Linger
- Carlsberg price target raised to DKK 1,090 from DKK 1,040 at Citi
- Carlsberg price target raised to DKK 1,180 from DKK 1,160 at Deutsche Bank
- Carlsberg price target raised to DKK 1,080 from DKK 1,010 at RBC Capital