Citi has recently raised its price target on Coca-Cola HBC (CCHGY) to 4,000 GBp from 3,800 GBp while maintaining a Neutral rating on the shares. The firm is optimistic about the company’s future performance, expecting management to increase its FY25 organic EBIT growth guidance to 9%-13% following the release of its first-half results. According to analysts, there are “no obvious negatives” in sight for Coca-Cola HBC.
Despite the positive outlook for Coca-Cola HBC, Citi sees greater potential for growth in Carlsberg (CABGY) at the moment. The analyst believes that Carlsberg may offer more upside potential for investors compared to Coca-Cola HBC in the near term.
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In conclusion, Citi’s upward revision of Coca-Cola HBC’s price target reflects confidence in the company’s growth prospects. While Coca-Cola HBC remains a solid investment option, Citi suggests that investors keep an eye on Carlsberg for potential opportunities in the current market climate. Stay informed with the latest news and analysis from trusted sources like TheFly and TipRanks to make well-informed investment decisions.
