Market Overview

UPDATE: Stifel Nicolaus Raises PT to $40 on Coca-Cola Enterprises on FX Benefit

Related CCE
Viking Global Liked AIG, Google, Actavis, Illumina And Cheniere Energy Last Quarter
Top 4 NYSE Stocks In The Beverages-Soft Drinks Industry With The Highest EPS
Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q1 2015 Update (Seeking Alpha)

Stifel Nicolaus reiterated Coca-Cola Enterprises (NYSE: CCE) with a Buy and raised the price target from $36.00 to $40.00.

Stifel Nicolaus commented, "[W]e lift 2013E EPS to $2.55 (was $2.48, consensus $2.51) and 2014E EPS to $2.91 (was $2.87, consensus $2.84), reflecting more of an FX benefit, assuming current exchange rates. … With the shares at 14.1x 2013E EPS and positive revision risk, assuming constant FX, we lift our target to $40 per share, or 13.7x 2014E EPS of $2.91. We reiterate our Buy because we expect underlying volumes to improve."

Coca-Cola Enterprises closed at $34.92 on Thursday.

Latest Ratings for CCE

May 2015SusquehannaMaintainsNegative
Apr 2015SusquehannaInitiates Coverage onNegative
Feb 2015JefferiesMaintainsHold

View More Analyst Ratings for CCE
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings


Related Articles (CCE)

Around the Web, We're Loving...