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Fly News Breaks for August 6, 2015
CCE
Aug 6, 2015 | 09:22 EDT
As noted earlier, Argus downgraded Coca-Cola Enterprises to Sell from Hold. The firm thinks that the company faces a number of negative catalysts including economic weakness in Europe, aggressive competition;, a shift in consumer preferences toward healthier drinks, and foreign currency headwinds. The firm also cited valuation as a reason for the downgrade.
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