Deutsche Bank downgraded Royal Unibrew (ROYUF) to Hold from Buy with a price target of DKK 425, down from DKK 665. The firm cites the loss of Unibrew’s Pepsi bottling contract in Denmark, Finland, Latvia, Estonia and Lithuania for the downgrade.
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Read More on ROYUF:
- Royal Unibrew downgraded to Neutral from Outperform at BNP Paribas
- Royal UNIBREW A/S: Downgraded to Hold as Pepsi License Loss Reshapes Growth Outlook and Risk‑Reward Profile
- Royal Unibrew downgraded to Neutral from Buy at Goldman Sachs
- Royal Unibrew downgraded to Hold from Buy at Deutsche Bank
- Royal Unibrew says Northern Europe pact with Pepsi to end in 2028