Wells Fargo Lowers Price Target for Coca-Cola Europacific Partners to $115

Wells Fargo & Company has adjusted its price target for Coca-Cola Europacific Partners (NASDAQ:CCEP), lowering it from $120.00 to $115.00 in a report released on Monday. Despite the reduction, the firm maintains an "overweight" rating on the stock. The new price target suggests a potential upside of 13.79% from the company's current price.

The company has been the subject of several other analyst reports recently. Barclays increased its price target from $114.00 to $119.00 on August 6th, while Deutsche Bank reiterated a "buy" rating on September 16th. Weiss Ratings upgraded its rating to "buy (a-)" on September 24th. However, Sanford C. Bernstein maintained a "market perform" rating with a $106.00 price target on August 5th, and JPMorgan Chase & Co. reaffirmed an "underweight" rating with a $92.00 price objective on September 4th.

Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" with an average target price of $107.89. The stock opened at $101.06 on Monday, with a 52-week range of $84.65 to $113.67. The company's 50-day moving average price is $105.81, and its 200-day moving average is $100.19.

Institutional investors have shown significant interest in Coca-Cola Europacific Partners. Andra AP fonden increased its stake by 23.2% during the second quarter, while National Pension Service boosted its holdings by 23.6%. Other notable investors, including Integrated Wealth Concepts LLC, NewEdge Advisors LLC, and Groupe la Francaise, also adjusted their positions in the company. Institutional investors now own 31.35% of the company's stock.