Credit Suisse Starts Coca-Cola European Partners Plc (CCE) at Neutral

September 15, 2016 7:48 AM EDT
Get Alerts CCE Hot Sheet
Price: $34.03 +0.50%

Rating Summary:
    6 Buy, 10 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse initiates coverage on Coca-Cola European Partners Plc (NYSE: CCE) with a Neutral rating.

Analyst Sanjeet Aujla commented, "Our FY16-18E EPS estimates are 3-4% below consensus, driven by a weaker topline outlook due to soft category growth, potential macro-risk (UK) and regulatory pressures. Synergies give some degree of earnings visibility; however, we don't expect upside to targets, and balance sheet activity is unlikely until FY18. We prefer Coca-Cola HBC.

For an analyst ratings summary and ratings history on European Partners Plc click here. For more ratings news on European Partners Plc click here.

Shares of European Partners Plc closed at $39.65 yesterday.

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