Carlsberg: UBS maintains buy rating
(CercleFinance.com) - UBS remains positive and reiterates its buy rating on the stock with a target of 1250 DKK after the Danish brewr's results.
UBS believes that the earlier than expected departure of the CEO has caused a negative reaction.
The company believes that 2023 will be another challenging year, with raw material and energy price increases having a significant impact on the cost of sales in 2023, as well as logistics costs.
For 2023, Carlsberg expects organic operating profit between -5% and +5%.
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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.
UBS believes that the earlier than expected departure of the CEO has caused a negative reaction.
The company believes that 2023 will be another challenging year, with raw material and energy price increases having a significant impact on the cost of sales in 2023, as well as logistics costs.
For 2023, Carlsberg expects organic operating profit between -5% and +5%.
Copyright (c) 2023 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.