Stocks
JPMorgan Chase Lowers Price Target for Compania Cervecerias Unidas to $13.00
Stock analysts at JPMorgan Chase & Co. have revised their forecast for Compania Cervecerias Unidas (NYSE:CCU), issuing a new price target of $13.00, down from $14.00.
This move reflects the firm's 'underweight' rating on the stock, indicating a potential upside of 9.84% from its current price of $11.84.
Compania Cervecerias Unidas reported quarterly earnings that met analyst estimates, with EPS at ($0.12) and revenue of $659.17 million, exceeding expectations of $641.90 million.