Deutsche Bank analyst Mitch Collett downgraded Fevertree Drinks to Sell from Hold with a price target of 780 GBp, down from 935 GBp. The analyst refreshed his European beverages ratings by assessing three factors that he expects will drive performance during 2023: demand pressure, cost pressure and self-help. Collett downgrade five ratings and Heineken remains his top pick.
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Published first on TheFly
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