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Fly News Breaks for January 5, 2018
CCE
Jan 5, 2018 | 05:11 EDT
Macquirie analyst Caroline Levy downgraded Coca-Cola European Partners to Neutral from Outperform and lowered is price target to $40 from $45. Levy cites volume pressures, especially in France, input cost pressures, margin pressures, and lack of M&A for the downgrade and expects growth to slow to 4% in FY18 from 11% in FY17.
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