HSBC Upgrades United Breweries Co to Buy, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Sorabh Daga has upgraded United Breweries Co (NYSE:CCU) from Hold to Buy, but lowered the price target from $18 to $15.
October 27, 2023 | 9:37 am
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HSBC has upgraded United Breweries Co (CCU) to Buy, indicating a positive outlook, but lowered the price target from $18 to $15, suggesting a potential downside.
The upgrade to Buy indicates HSBC's positive outlook on CCU, which could lead to increased investor interest and potentially a short-term rise in stock price. However, the lowered price target suggests HSBC sees a potential downside, which could temper the positive impact.
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IMPORTANCE 80
RELEVANCE 100