JP Morgan Maintains Overweight Rating for Coca-Cola Europacific: Here's What You Need To Know

JP Morgan has decided to maintain its Overweight rating of Coca-Cola Europacific CCEP and raise its price target from $66.50 to $75.50.

Shares of Coca-Cola Europacific are trading up 1.06% over the last 24 hours, at $65.52 per share.

A move to $75.50 would account for a 15.23% increase from the current share price.

About Coca-Cola Europacific

Coca-Cola Europacific Partners PLC is a bottling company that sells nonalcoholic ready-to-drink beverage products under the Coca-Cola brand in Europe. The company operates through one segment. It purchases concentrate and syrups from the primary licensor, the Coca-Cola Co., then produces, packages, and distributes the beverages to retailers. The current license allows the company to exclusively market, produce, and distribute Coca-Cola products within specified territories: Iberia, Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Iceland, Germany, and Sweden. Sales of beverages in Iberia, Great Britain, Germany, and France make up the majority of the company's total sales volume and revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.