CCEP Sees Downside Potential of 15.71% Amid Analyst Divisions
Coca-Cola Europacific Partners' (NASDAQ:CCEP - Get Free Report) stock received an underweight rating from JPMorgan Chase & Co. in a research report issued to clients and investors on Friday.
The investment analysts maintained their $92.00 target price, indicating a potential downside of 15.71% from the current price.
This is not the first time CCEP has received a mixed bag of opinions from analysts. In August, Wells Fargo & Company upped its price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an 'overweight' rating.
However, other analysts have been less optimistic. UBS Group cut CCEP's rating from 'buy' to 'neutral', dropping their price objective for the company from $109.00 to $107.00 in a report on August 13th.