Carlsberg: UBS still says buy

(CercleFinance.com) - UBS maintains its "buy" rating on Carlsberg shares, as well as its target price of 1,250 DKK, representing a 15% upside potential for the Scandinavian brewer's stock, which it says has fallen behind its peers.


"Carlsberg is our top pick in Bevs given its underappreciated exposure to China reopening, resilience in WE, low leverage and attractive valuation," the broker believes.


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