UBS analyst Sanjeet Aujla raised the firm’s price target on Coca-Cola Europacific Partners (CCEP) to $105 from $100 and keeps a Buy rating on the shares ahead of the Q2 earnings report on August 6. The firm expects Q2 organic revenue to be up 7.4%, ahead of the consensus, benefiting from a later Easter in Europe and Australia, better June weather, and continued good growth in the Philippines, the analyst tells investors in a research note. The firm expects Coca-Cola Europacific to benefit from its higher investment in Away-from-Home and favorable weather in June.
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