CCU price target raised to $16 from $13 at HSBC

HSBC analyst Sorabh Daga raised the firm’s price target on CCU to $16 from $13 and keeps a Hold rating on the shares. The analyst says CCU is facing stiffer competition in Chile. However, easing inflation and currency stabilization in Chile should help beverage firms improve margins and profitability, the analyst tells investors in a research note.