Deutsche Bank Starts Coca-Cola Enterprises (CCE) at Buy; Best Friends Forever
Tweet
Share
E-mailGet Alerts CCE Hot Sheet
Price: $46.72 --0%
Rating Summary:
10 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Deutsche Bank initiates coverage on Coca-Cola Enterprises (NYSE: CCE) with a Buy. PT $31.00.
Deutsche analyst says, "With the once frayed Coke (NYSE: KO) relationship largely amicable, balance sheet healthy, shareholder friendly capital allocation apparent and potential acquisition likely strategically and financially accretive, we like the risk/reward here and while the story may not be the most exciting, a fixed global Coca-Cola system lifts all ships. With macro and geopolitical uncertainty in Europe, investors need to be valuation sensitive and monitor F/X swings for opportunities, but valuation is compelling and fundamentals are in decent shape."
For an analyst ratings summary and ratings history on Coca-Cola Enterprises click here. For more ratings news on Coca-Cola Enterprises click here.
Shares of Coca-Cola Enterprises closed at $25.46 yesterday.
Deutsche analyst says, "With the once frayed Coke (NYSE: KO) relationship largely amicable, balance sheet healthy, shareholder friendly capital allocation apparent and potential acquisition likely strategically and financially accretive, we like the risk/reward here and while the story may not be the most exciting, a fixed global Coca-Cola system lifts all ships. With macro and geopolitical uncertainty in Europe, investors need to be valuation sensitive and monitor F/X swings for opportunities, but valuation is compelling and fundamentals are in decent shape."
For an analyst ratings summary and ratings history on Coca-Cola Enterprises click here. For more ratings news on Coca-Cola Enterprises click here.
Shares of Coca-Cola Enterprises closed at $25.46 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Coca-Cola (KO), 'best-in-class execution'
- JPMorgan Resumes SanDisk (SNDK) at Overweight
- JPMorgan Assumes salesforce.com (CRM) at Overweight, 'Overblown Concerns'
Create E-mail Alert Related Categories
New CoverageRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
