Carlsberg: Barclays adjusts target price

(CercleFinance.com) - Barclays confirms its 'overweight' rating on Carlsberg shares, adjusting its target price from 1,090 DKK to 1,098 DKK, continuing to rate the brewer's 2024 forecasts as 'cautious', despite the increase in its medium-term targets.


The broker says he is encouraged by a potential rise in prices and continues to expect an improvement in the cost of goods sold per hectoliter, which he believes will translate into EBIT growth above the target range of +1 to +5%.


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