JPMorgan downgraded Coca-Cola Europacific Partners (CCEP) to Neutral from Overweight with a price target of $82, down from $85. The firm expects soft drinks to deliver another year of consistent compounding high-single-digit earnings growth in 2025, underpinned by solid volume growth, further pricing and positive pack mix and efficiencies to support margin expansion. However, the stocks’ valuations relative to beverages “is looking increasingly full for a number of players,” the analyst tells investors in a research note. As such, it downgraded Coca-Cola Europacific Partners and upgraded Coca-Cola HBC.
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Read More on CCEP:
- Coca-Cola Europacific Partners Executives Acquire Shares
- Coca-Cola Europacific Partners’ AGM Success Amid Shareholder Dissent
- Coca-Cola Europacific Partners Eyes FTSE Index Inclusion
- Coca-Cola Europacific Partners price target raised to $86 from $84 at Barclays
- Coca-Cola Europacific price target raised to EUR 78 from EUR 74 at JPMorgan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
