Coca-Cola HBC price target raised to 4,000 GBp from 3,800 GBp at Citi

Citi raised the firm’s price target on Coca-Cola HBC (CCHGY) to 4,000 GBp from 3,800 GBp and keeps a Neutral rating on the shares. The firm expects management to raise FY25 organic EBIT growth guidance to 9%-13% with the first half results and sees “no obvious negatives,” but sees greater upside in Carlsberg (CABGY) for now, the analyst tells investors in a preview.

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• Carlsberg price target raised to DKK 955 from DKK 945 at Morgan Stanley

• Carlsberg downgraded to Hold from Buy at HSBC