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Coca-Cola Europacific downgraded to Equal Weight at Morgan Stanley

Morgan Stanley downgraded Coca-Cola Europacific Partners (CCEP) to Equal Weight from Overweight with a price target of EUR 83, down from EUR 89. The firm sees a balanced risk/reward at current share levels following the outperformance over the past 12 months. It also thinks Coca-Cola Europacific has reduced sales visibility following the Q2 report.

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