Carlsberg: Credit Suisse maintains buy rating

(CercleFinance.com) - Credit Suisse maintains its Outperform recommendation on Carlsberg shares, along with its target price of 1,160 Danish kronor.


In short, analysts believe that volume momentum in Q3 in Europe and Asia could support an increase in guidance for FY22, from single-digit organic EBIT growth, noting that the consensus is already at 11%.

Investments in Asia could boost growth in the region and offset downside risks in the European beer sector, they add.

In conclusion, the main risks include a deeper-than-expected slowdown in Europe and higher inflation.



Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.