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Fly News Breaks for April 12, 2017
CCU, AKO.A
Apr 12, 2017 | 05:58 EDT
JPMorgan analyst Pedro Leduc upgraded Embotelladora Andina to Overweight and raised his price target for the shares to $29 from $27. Positive developments in the Chile Presidential election race may keep multiples for Chilean beverages high for longer, the analyst contends. Leduc sees more share upside given the "strong earnings momentum." The analyst this morning also upgraded Compania Cervecerias (CCU) to Neutral.
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