Jefferies initiated coverage of CCU with a Buy rating and $15.22 price target. Beer consumption in Latin America is expected to continue to outpace global growth, the analyst tells investors in a research note. The firm says CCU trades at the lower end of sector valuations and offers a “clear earnings recovery and rerating opportunity.”
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Read More on CCU:
- CCU Earnings this Week: How Will it Perform?
- CCU downgraded to Neutral from Buy at BofA
- CCU upgraded to Buy from Hold at HSBC
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