UBS analyst Sanjeet Aujla upgraded Carlsberg to Neutral from Sell with a price target of DKK 990, up from DKK 790. The analyst says higher marketing and sales investment funded by supply chain efficiencies supports a better growth profile.
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- Carlsberg price target raised to DKK 1,098 from DKK 1,090 at Barclays
- Carlsberg price target lowered to DKK 1,080 from DKK 1,110 at Deutsche Bank
- Carlsberg upgraded to Hold from Sell at Nordea
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