Barclays Maintains Overweight on Coca-Cola Europacific, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Overweight rating on Coca-Cola Europacific (NASDAQ:CCEP) but lowered the price target from $74 to $64.
October 12, 2023 | 5:34 pm
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Barclays has maintained an Overweight rating on Coca-Cola Europacific but lowered the price target from $74 to $64.
While the Overweight rating indicates that Barclays expects CCEP to outperform the market, the lowering of the price target could lead to some short-term uncertainty among investors. However, the impact on the stock price is likely to be neutral in the short term as the positive and negative signals balance each other out.
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IMPORTANCE 80
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