Carlsberg: Credit Suisse maintains 'Outperform' rating
(CercleFinance.com) - Credit Suisse reaffirms its 'Outperform' rating and 1,100 Danish kroner price target on Carlsberg, anticipating "solid volume growth in the first quarter, partly offset by continued negative price/mix trends".
"At this stage, we do not think prolonged lockdowns present a risk to consensus expectations given the strong recovery in Asia and cost containment measures," the broker said in its note on the Scandinavian brewer.
Therefore, regarding Q1 2021, Credit Suisse expects organic sales growth of 2.1% (including +8.5% in volume), and 12% organic growth in FY operating profit (compared to the consensus of 10%).
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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.
"At this stage, we do not think prolonged lockdowns present a risk to consensus expectations given the strong recovery in Asia and cost containment measures," the broker said in its note on the Scandinavian brewer.
Therefore, regarding Q1 2021, Credit Suisse expects organic sales growth of 2.1% (including +8.5% in volume), and 12% organic growth in FY operating profit (compared to the consensus of 10%).
Copyright (c) 2021 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.