Coca-Cola European Partners (CCE) PT Raised to $46 at Deutsche Bank

Deutsche Bank raised its price target on Coca-Cola European Partners (NYSE: CCE) to $46.00 (from $43.00) while maintaining a Buy rating following the company's 4Q earnings report. Results came in better than expected on the top line, on EBIT/EPS, as well as on FCF, and the company appeared confident in its outlook for FY18.

Deutsche Bank raise revenue and COGS estimates to reflect new guided-to increases from the soda taxes in Great Britain, France, and Norway, but generally maintains EBIT forecasts given modestly higher underlying price/mix benefits, cost synergies, and a stable SG&A outlook.

You May Also Be Interested In

• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• Public Storage (PSA) PT Raised to $338 at Truist Securities
• Baldwin Insurance (BWIN) PT Raised to $25 at BMO Capital