Coca-Cola Europacific Partners shares are trading lower after Evercore ISI Group maintained an Outperform rating on the stock but lowered its price target from $75 to $70.
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an Outperform rating on Coca-Cola Europacific Partners (CCEP) but reduced its price target from $75 to $70. This has led to a decrease in CCEP's share price.
October 09, 2023 | 4:56 pm
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Coca-Cola Europacific Partners' share price is expected to be negatively impacted in the short term due to Evercore ISI Group's lowered price target.
Evercore ISI Group's decision to lower its price target on CCEP from $75 to $70 indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100