Coca-Cola Europacific Partners price target lowered to $106 from $111 at Barclays

Barclays lowered the firm’s price target on Coca-Cola Europacific Partners (CCEP) to $106 from $111 and keeps an Overweight rating on the shares. The firm adjusted targets in the consumer staples group as part of a Q1 preview. Barclays has “growing caution” on the group into the prints due to higher input costs. In food, there are now “building concerns” around the sustainability of the dividend for certain companies, the analyst tells investors in a research note.