Goldman Sachs Upgrades Coca-Cola Europacific to Buy, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bonnie Herzog has upgraded Coca-Cola Europacific (CCEP) from Neutral to Buy and increased the price target from $61 to $70.
December 04, 2023 | 9:39 am
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POSITIVE IMPACT
Goldman Sachs upgraded Coca-Cola Europacific to Buy and raised the price target to $70, indicating a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential for the company. The increase in price target further reinforces the positive sentiment towards CCEP.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100