Goldman Sachs upgraded Coca-Cola Europacific Partners to Buy from Neutral with a price target of $70, up from $61. The analyst is incrementally more positive on the company, saying its volume has inflected positive post Q3, the company is seeing early progress on its transformation journey in Indonesia, and there is upside to gross margin as commodity headwinds continue to abate. The firm believes believe Coca-Cola Europacific’s valuation is compelling at current share levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CCEP:
- Coca-Cola Europacific Partners price target raised to EUR 70 at JPMorgan
- Coca-Cola Europacific Partners price target raised to $77 from $72.50 at JPMorgan
- Coca-Cola Europacific (NASDAQ:CCEP) to Acquire Coca-Cola Philippines Unit in $1.8B Deal
- Coca-Cola Europacific price target raised to EUR 62 from EUR 61 at Barclays
- Coca-Cola Europacific Partners price target raised to $66 from $64 at Barclays
