Argus analyst Taylor Conrad raised the firm’s price target on Coca-Cola Europacific Partners to $62 from $60 and keeps a Buy rating on the shares. The company is expected to report strong revenue and earnings over the next 12-18 months amid growth in the Australia, Pacific & Indonesia segment and a recovery in Europe, the analyst tells investors in a research note. These should boost Coca-Cola Europacific’s high-margin sales to convenience stores, hotels, and restaurants, and restore revenue to 2019 levels, the firm added.
Published first on TheFly
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