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Fly News Breaks for March 9, 2015
KO, CCE
Mar 9, 2015 | 07:20 EDT
Bernstein believes that Coca-Cola Enterprises (CCE) could buy Coca-Cola's (KO) German bottling unit. The firm thinks such a deal would be meaningfully accretive to Coca-Cola Enterprises's EPS, while enabling the company to redomicile overseas, potentially resulting in a lower effective tax rate. The firm adds that the deal is likely to dilute Coca-Cola Enterprises' key operating metrics, since Germany has less growth and lower margins than its other markets. However, Bernstein says it would view the deal positively overall. It keeps a Market .Perform rating on the shares.
News For CCE;KO From the Last 2 Days
KO
Apr 19, 2024 | 05:46 EDT
JPMorgan lowered the firm's price target on Coca-Cola to $65 from $66 and keeps an Overweight rating on the shares ahead of the Q1 report. The analyst sees a favorable setup for 2024, but is more cautious on volumes in Q1 versus the Street and is not expecting a guidance raise.
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