Carlsberg: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded Carlsberg shares from 'sell' to 'neutral', with a target price raised from 790 DKK to 990 DKK, which represents 6% upside potential for the Scandinavian brewer's shares.


"Higher marketing and sales investment funded by supply-chain efficiencies supports a better growth profile and P&L flexibility", the broker highlights.


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