Coca-Cola European Partners downgraded by Kepler
$CCEP
Beverages (Production/Distribution)
Consumer Staples
Kepler downgraded Coca-Cola European Partners from Hold to Reduce
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/25/2025 | Hold → Reduce | Kepler | |
| 12/9/2024 | Equal-Weight → Overweight | Morgan Stanley | |
| 12/3/2024 | $82.00 | Mkt Perform | Bernstein |
| 11/27/2024 | $85.00 → $82.00 | Overweight → Neutral | Analyst |
| 9/10/2024 | $81.00 | Outperform → Neutral | Exane BNP Paribas |
| 1/12/2024 | Neutral → Outperform | Exane BNP Paribas | |
| 12/4/2023 | Neutral → Buy | Goldman | |
| 4/26/2023 | $61.15 | Sell → Hold | Societe Generale |
NOTE TO EDITORS: The Following Is an Investment Opinion Issued by Spruce Point Capital Management Believes That Monster Is Facing Pressures From New Entrants Into Its Core Energy Drink Category and Expects Competitive Intensity to Increase as 1st Phorm and Anheuser-Busch Expand in the Market Believes That Monster's International Expansion Is Fraught With Challenges Such as a Complex Regulatory Environment, Less Attractive Margins, and Terms of Trade Which Appear Worse as Evidenced by Rising Days Sales Outstanding Questions the Financial Reporting and Accounting Choices Made by Management Given a Recent Auditor Change, Abnormally Low Audit Fees, Capital Expenditures and Operating Expenses
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SHARES OR OTHER SECURITIES IN THE COMPANY NOR SHALL IT FORM THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER. UXBRIDGE, UNITED KINGDOM / ACCESSWIRE / November 15, 2024 / Further to the announcement on 18 October 2024, Coca-Cola Europacific Partners plc ("CCEP" or the "Company") is pleased to announce the approval by the Financial Conduct Authority (the "FCA") of the transfer of the listing category of its ordinary shares from the Equity Shares (Transition) category to the Equity Shares (Commerc
Trading Update for the Third Quarter ended 27 September 2024 & Interim Dividend DeclarationSolid third quarter; reaffirming full-year profit & cash guidanceUXBRIDGE, ENGLAND / ACCESSWIRE / November 5, 2024 / Change vs 2023 Revenue Volume(UC) [2] Revenue per UC [1],[2],[3] Comparable Volume [1] Revenue per UC [1],[2],[3] FXN [1],[3] revenue Revenue Q3 2024 Europe€4,040m 695m €5.79 (1.4)% 3.2% 1.8% 2.1% APS€1,318m 313m €4.26 122.0% (29.3)% 56.5% 54.9% CCEP€5,358m 1,008m €5.32 19.1)% (6.4% 11.5% 11.5%YTD 2024 Europe€11,319m 1,965m €5.74 (2.3)% 4.3% 1.9% 2.3% APS€3,867m 899m €4.41 93.3% (24.6)% 45.6% 42.0% CCEP€15,186m 2,864m €5.32 15.6)% (4.4)% 1
Kepler downgraded Coca-Cola European Partners from Hold to Reduce
Morgan Stanley upgraded Coca-Cola European Partners from Equal-Weight to Overweight
Bernstein initiated coverage of Coca-Cola European Partners with a rating of Mkt Perform and set a new price target of $82.00