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Carlsberg upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded Carlsberg (CABGY) to Outperform from Sector Perform with a price target of DKK 1,020, up from DKK 890. The firm cites a favourable view of the beer category and Carlsberg’s lack of exposure to the U.S. market and any associated risk of tariffs for the upgrade.

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