Barclays downgraded Carlsberg (CABGY) to Underweight from Equal Weight with a price target of DKK 698, down from DKK 829.49. Carlsberg’s geographic outlook is increasingly challenged with issues in several end markets, the analyst tells investors in a research note. The firm says China is facing a severe demographic headwind while Carlsberg’s main market of Western Europe is also grappling with an ageing population and persistent lower per-capita consumption.
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Read More on CABGY:
- Carlsberg price target lowered to DKK 829.49 from DKK 870 at Barclays
- Carlsberg price target raised to DKK 870 from DKK 852 at Barclays
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