Carlsberg: valuation 'full', Jefferies says.
(CercleFinance.com) - Jefferies maintains a "neutral" rating on Carlsberg shares, saying that the Danish brewer's turnaround is already priced into its current valuation.
While the US broker expects strong first-half results, driven by cost savings across all divisions, Jefferies says it expects the group's guidance to remain unchanged at interim results on 16 August.
Jefferies nevertheless raises its price target from 620 Danish kronor to 680 Danish kronor.
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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.
While the US broker expects strong first-half results, driven by cost savings across all divisions, Jefferies says it expects the group's guidance to remain unchanged at interim results on 16 August.
Jefferies nevertheless raises its price target from 620 Danish kronor to 680 Danish kronor.
Copyright (c) 2017 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.